Econ StoryBoard

Econ StoryBoard

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  • Banking 
  • The first bank of the US
  • Have you put your money in this new bank thing yet?
  • My golly I have not. 
  • bank
  • banking in the early twentieth century 
  • banking is the job that banks preform. They handle peoples money and lend out money to make a profit for themselves.
  • The Federal Reserve
  • The fist bank central bank was formed in 1791. The bank succeeded in bringing order and stability to Americas banks.
  • Banking in the Later Twentieth Century
  • In the twentieth century creation of a single national currency and the gold standard helped stabilize banking. 
  • Recent Trends
  • The Federal Reserve created the nations first true central bank or bank that can lend to other banks. 
  • As a result of the great depression banks were closely regulated from 1933 through 1960's Restrictions included interest rates banks could apply and rates banks charged customers 
  • After the repeal of the glass steagall act This action paved the way for banks to sell financial assets such as stocks and bonds while establishing new privacy rules for customer data.  
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