Set: History of US Banking
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All 9 Terms
| | Term | Definition |
|---|---|---|
| |
Alexander Hamilton | on $10 bill, got US out of debt after revolutionary war in 1784 |
| |
Andrew Jackson | on $20 bill, killed the national bank in 1837 |
| |
J.P. Morgan | Got us out of debt in the panic of 1907 when we had no gold to back up our money. |
| |
Federal reserve act | set up in 1913. Government gave up power over banking when they set up the Federal Reserve Board. |
| |
FDIC | set up in 1933. Made sure that people would get their money back if their bank went bankrupt. |
| |
Gold Standard Act | we had to have specie backing up our money. 1900. |
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National Bank Act | 1863. stop people from printing extra money. |
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First bank | 1781 by continental congress |
| |
Second national bank | 1816-1836 |
Set Information
| Terms | 9 |
| Creator | hayleyturner |
| Created | May 28, 2008 |
| Groups | None |
| Subjects | banking, united states, history, economics |
| Access | Anyone |
| Edit | Creator Only |
Description
history of US banking
Most Missed Words
- Alexander Hamilton → on $10 bill, got US out of debt after revolutionary war in 1784 - 1 miss
- National Bank Act → 1863. stop people from printing extra money. - 1 miss