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History of U.S. Banking Unit 10.2.

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Presentation on theme: "History of U.S. Banking Unit 10.2."— Presentation transcript:

1 History of U.S. Banking Unit 10.2

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

3 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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