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April 1, 2024
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Actualizado 25 ene 2018
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Eventos
First Bank Opened
First bank charted in U.S.
Congress Establishes National Coining System
2nd Bank of U.S. opens
Free Banking Era
Gold Rush Begins
National Currency Act
Banking in South Destroyed (1860 - 1913)
Coinage Act Passed
The Dow is created
Checks become common form of payment
Teddy Roosevelt becomes president
Taft becomes president
Federal Reserve Act
The Securities Exchange Act of 1934
FDIC Insures Savings up to $5000
Federal Credit Union Act of 1935
Economy rising
Space Race, Korean war, Soviet war
FDIC raises Insured savings from $5000 to $10000
Federal Deposit Act of 1950
Bank Holding Company Act of 1956
Bank of America launches Visa credit card
Coming out of the 50s
FDIC Insured limit increases to $15000
First Automatic Cash Dispenser installed in London
President Johnson controls imports into the U.S.
FDIC Insured limit increases to $20000
Oil Spike increases inflation
Inflation increases when President Richard Nixon lifts wage-and-price controls.
The oil embargo triggers the 1974-1975 world recession
The FDIC deposit insurance limit increases to $40,000
The International Banking Act of 1978
48 FDIC-insured banks fail with $7 billion in assets.
120 FDIC-insured banks with $8.7 billion in assets fai
Tax Reform Act of 1986
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA)
Iraq invades Kuwait
Banks begin paying risk-based insurance premiums
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
global financial crisis
Gramm-Leach-Bliley Act of 1999
9/11
International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001
Fair and Accurate Credit Transactions (FACT) Act of 2003
The electronic funds transfer (EFT) system is widely implemented.
Recession of 1982
Períodos
WW1
Roaring 20's
New Deal Banking Reforms
Great Depression
WW2
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