Financial system/Timelines

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A timeline (or several) relating to Financial system.
  • 1694 Formation of the Bank of England
  • 1720 South Sea Bubble
  • 1864 US National Bank Act - established a national banking system and the chartering of national banks.
  • 1866 Overend and Gurney bank rescued
  • 1890 Barings bank rescued
  • 1913 US Federal Reserve Act - established the Federal Reserve System
  • 1933 New Deal
    US Glass-Steagall Act - created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.[[1]
  • 1980 US Depository Institutions Deregulation and Monetary Control Act
  • 1986 UK Building Societies Act [2][3]
  • 1987 Global stock market crash
  • 1989 LTCM hedge fund rescued[4]
  • 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.