History of U.S. Banking Unit 10.2.

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Presentation transcript:

History of U.S. Banking Unit 10.2

Origins The Goldsmiths Tale The Crusades and the Templars Italian Banking Families Bardi Peruzzi Medici Rothschild (German)

U.S. Banking State Banks Alexander Hamilton and the First Bank of the U.S. Not renewed by Congress 6 Banks of the U.S. Andrew Jackson Killing the Banking monster Booms and Busts Wilson and the Federal Reserve 1913 Great Depression and Franklin Roosevelt Banking Holiday Glass-Steagall Act FDIC Nixon Ends gold standard 1971 Reagan and deregulation Savings and Loan Crisis 1980’s Clinton repeals Glass-Steagall More deregulation of major banks Leads to crash of 2007

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