Banking in the early 20th century
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Banking in the early 20th century

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Banking in the early 20th century Banking in the early 20th century Presentation Transcript

  • Banking in the Early 20 th Century Economics 2
  • The Federal Reserve
    • Serves as a central bank-it can lend to other banks
    • Member Banks-belong to the Fed-regional
    • They increase/decrease the amount of money in the economy
    • Developed the national currency
  • The Great Depression
    • The Fed could not prevent the crash
    • Banks loaned large amounts of # during the 1920’s
    • Business couldn’t pay back loans
    • Farmers had crop failures-loans
    • Bank runs
  • Banking Reforms
    • FDR wanted to restore the banks-bank holiday
    • Federal Deposit Insurance Corporation (FDIC)
      • Insures deposits if a bank fails
  • Banking in the Later 20 th Cent.
    • Banks regulated by the Federal Govt.
    • By 1970’s, banks wanted relief from regulation
      • Industries were deregulated
        • Removal or relaxation of govt restrictions on business
  • Critical Thinking
    • Suppose you were living during the Great Depression. How might the events of that era have affected your future banking decisions?