Banking in the Early 20 th  Century Economics 2
The Federal Reserve <ul><li>Serves as a central bank-it can lend to other banks </li></ul><ul><li>Member Banks-belong to t...
The Great Depression <ul><li>The Fed could not prevent the crash </li></ul><ul><li>Banks loaned large amounts of # during ...
Banking Reforms <ul><li>FDR wanted to restore the banks-bank holiday </li></ul><ul><li>Federal Deposit Insurance Corporati...
Banking in the Later 20 th  Cent. <ul><li>Banks regulated by the Federal Govt. </li></ul><ul><li>By 1970’s, banks wanted r...
Critical Thinking <ul><li>Suppose you were living during the Great Depression.  How might the events of that era have affe...
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Banking in the early 20th century

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Banking in the early 20th century

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

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