https://padlet.com/aldarwichm/w5t4jjux7wttb0wl en-us 2021-11-18 19:45:37 UTC 2021-11-18 20:06:58 UTC hello@padlet.com aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442234 The Bank Of America was all done and set up.
Largest and Powerful bank in the US.]]> 2021-11-18 19:48:23 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442234 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442774 100 state banks at this point. 
printed there own paper money.

]]> 2021-11-18 19:48:40 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442774 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442991 Congress set up the second bank of the US.
The bank had some success, but many people didnt like it. ]]> 2021-11-18 19:48:48 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900442991 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900443272 All government money was taken and put into smaller state banks. 
Many of these banks were careless and gave loans to people that didnt pay them back. ]]> 2021-11-18 19:48:56 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900443272 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900443680 Economic slowdown event.]]> 2021-11-18 19:49:11 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900443680 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450255 Civil war has started. 
North and the Confederacy in the south printed money to pay their bills, known as greenbacks.
Civil war ended 1865]]> 2021-11-18 19:52:47 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450255 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450488 The Gold Standard Act of 1900. First National City Bank led by James Stillman and William Rockefeller, with Standard Oil money, They buy $115 million of Northern Pacific Railroad's stock and triggers a stock market panic. Thousands of small investors were wiped out.]]> 2021-11-18 19:52:55 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450488 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450787 the panic of 1907 a financial crisis that took place in the United States over a three week period starting in mid October, when the New York Stock Exchange fell almost 50% from its peak thr previous year. ]]> 2021-11-18 19:53:04 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450787 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450980 Congress created a national monetary commission. The reason was to to find ways to prevent panics from happening again.]]> 2021-11-18 19:53:10 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900450980 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900451173 the federal reserve system was born. President Woodrow Wilson signed the Federal Reserve act and it stood as a classic example of compromise. A decentralized central bank that balanced the competing interests of private banks and populist sentiment. ]]> 2021-11-18 19:53:17 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900451173 aldarwichm https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900451747 A nationwide panic ensued bank customers descended upon banks to withdraw their assets only to be turned away due to the lack of cash and credit.]]> 2021-11-18 19:53:34 UTC https://padlet.com/aldarwichm/w5t4jjux7wttb0wl/wish/1900451747