Upload
domenic-chapman
View
226
Download
7
Embed Size (px)
Citation preview
Will Rogers
“The three greatest inventions of all time…..
1. Fire
2. Wheel
3. Central Banking
Pre-Civil War Banking in America
I. Was a fiasco!II. 2 views of banking
1. Federalists a. ___________
banking system b. Led by ___________
2. _____________ a. __________ banking
sytem b. Favored leaving power
in the hands of ____. c. Led by ____________
centralized
Hamilton
Anti-Feds
De-centralized
The statesJefferson
Two Attempts At Central Banking
1. The _______________ (1791)a. Regulated state banks
b. Held money collected by gov’t
c. Issue bank notes backed by “specie”
d. Borrowed and loaned money
e. Died with Hamilton’s death
1st National Bank
Chaos/Conflict/Calamity
2. ____________ of the United States
a. another 20 year charter(1816-1836)
b. main opponent was __________ who vetoed its renewal in 1832.
III. Let the Banking Party Begin!
1. “free banking era” 2. fraud/panics/different
currencies
2nd National Bank
Andrew Jackson
The Color of Money
Deep in the Heart of Texas
Confederate Currency
Colonial Currency
Birth of a FED
1. Bank Panic of 1907
2. Federal Reserve Act of 1913a. Our Nation’s Central Bank