Financial Time Line Flashcards
Industrial Revolution - Transition from agriculture to manufacturing.
1900
Immigration
1900
Economic Expansion
1900
Isolationist Attitude
1900
Was the beginning of Big Government
1913
FED - Monetary Policy Established
1913
IRS - Agent of Fiscal Policy Established
1913
July 1914 to November 1918
WWI
Lusitania sunk by German Submarine and 128 Americans died. It was a British passenger ship.
May 1915
7 U.S. Merchant Ships targeted.
1917
U.S. Involvement in WWI
April 1917 to November 1918
Economic Growth, Full Employment, Disposable Income, and Personal Investment Increased when?
Roaring 20’s
Roaring 20’s were what dates?
1920-1929
Stock Market Crash
1929
What caused the stock market crash?
Brokers, Banks, and insurance companies using improper Margin Sales Techniques.
Years when there was nationwide bank runs and bank failures.
1930-1932
Hoover vs. Roosevelt
1932
Roosevelt inaugurated when?
1933
Roosevelt was in office from when to when?
March 1933 to his death in April 1945
Congress imposed the Glass-Steagall Act when?
1933
An act that put numerous restrictions on banks.
Glass-Steagall Act
An act that forced the break up of bank holding companies.
Glass-Steagall Act
J.P. Morgan sold its investment banking firm to Stanley Investment Bank who re-named it what?
Morgan-Stanley
What bank divested itself of its non-commercial bank activities?
City Bank, NY