Financial system/Timelines: Difference between revisions
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* 1637 Dutch tulip bubble[http://people.few.eur.nl/smant/m-economics/tulipmania.htm] | |||
* 1694 Formation of the Bank of England | * 1694 Formation of the Bank of England | ||
* 1720 South Sea Bubble | * 1720 South Sea Bubble[http://people.few.eur.nl/smant/m-economics/southsea.htm] | ||
* 1864 US National Bank Act - established a national banking system and the chartering of national banks. | * 1864 US National Bank Act - established a national banking system and the chartering of national banks. | ||
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* 1986 UK Building Societies Act [http://www.legislation.gov.uk/RevisedStatutes/Acts/ukpga/1986/cukpga_19860053_en_1][http://www.bsa.org.uk/policy/policyissues/constandcorpgov/nature.htm] | * 1986 UK Building Societies Act [http://www.legislation.gov.uk/RevisedStatutes/Acts/ukpga/1986/cukpga_19860053_en_1][http://www.bsa.org.uk/policy/policyissues/constandcorpgov/nature.htm] | ||
* 1987 Global stock market crash | * 1987 Global stock market crash[http://people.few.eur.nl/smant/m-economics/crash1987.htm] | ||
* 1989 LTCM hedge fund rescued[http://www.erisk.com/Learning/CaseStudies/Long-TermCapitalManagemen.asp] | * 1989 LTCM hedge fund rescued[http://www.erisk.com/Learning/CaseStudies/Long-TermCapitalManagemen.asp] | ||
Revision as of 05:45, 9 June 2009
- 1637 Dutch tulip bubble[1]
- 1694 Formation of the Bank of England
- 1720 South Sea Bubble[2]
- 1864 US National Bank Act - established a national banking system and the chartering of national banks.
- 1866 Overend and Gurney bank rescued[[3]
- 1890 Barings bank rescued
- 1913 US Federal Reserve Act - established the Federal Reserve System
- 1929 Crash of 2009
- 1930 Great Depression
- 1933 New Deal
US Glass-Steagall Act - created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.[[4]
- 1980 US Depository Institutions Deregulation and Monetary Control Act
- 1987 Global stock market crash[7]
- 1989 LTCM hedge fund rescued[8]
- 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.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