Financial system/Timelines: Difference between revisions
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* 1609 Amsterdam Wisselbank founded[http://www.econ.tcu.edu/Quinn/Working%20Papers/Early%20Bank%20of%20Amsterdam.pdf] - the first central bank. | |||
* 1637 Dutch tulip bubble[http://people.few.eur.nl/smant/m-economics/tulipmania.htm] | * 1637 Dutch tulip bubble[http://people.few.eur.nl/smant/m-economics/tulipmania.htm] | ||
Revision as of 05:06, 9 June 2009
- 1609 Amsterdam Wisselbank founded[1] - the first central bank.
- 1637 Dutch tulip bubble[2]
- 1694 Formation of the Bank of England[3]
- 1720 South Sea Bubble[4]
- 1864 US National Bank Act - established a national banking system and the chartering of national banks.
- 1866 Overend and Gurney bank rescued[[5]
- 1890 Barings bank rescued
- 1913 US Federal Reserve Act - established the Federal Reserve System [6]
- 1929 Crash of 2009
- 1930 Great Depression
- 1933 New Deal
US Glass-Steagall Act - created the Federal Deposit Insurance Corporation[7]. Separated commercial banking from investment banking.[[8]
- 1980 US Depository Institutions Deregulation and Monetary Control Act
- 1987 Global stock market crash[11]
- 1989 LTCM hedge fund rescued[12]
- 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.
- 2008 Crash of 2008
- 2009 Recession of 2009