Financial system/Timelines

• 1244 Genoa's Leccacorvo bank[1]

• 1609 Amsterdam Wisselbank founded[2] - the first central bank.

• 1637 Dutch tulip bubble[3]

• 1694 Formation of the Bank of England[4]

• 1720 South Sea Bubble[5]

• 1864 US National Bank Act - established a national banking system and the chartering of national banks.

• 1866 Overend and Gurney bank rescued[[6]

• 1890 Barings bank rescued

• 1913 US Federal Reserve Act - established the Federal Reserve System [7]

• 1929 Crash of 2009

• 1930 Great Depression

• 1933 New Deal
  US Glass-Steagall Act - created the Federal Deposit Insurance Corporation[8]. Separated commercial banking from investment banking.[[9]

• 1980 US Depository Institutions Deregulation and Monetary Control Act[10]

• 1986 UK Building Societies Act [11][12]

• 1987 Global stock market crash[13]

• 1989 LTCM hedge fund rescued[14]

• 1997 Asian banking crisis[15][16].

• 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.

• 2007 Subprime mortgages crisis

• 2008 Crash of 2008

• 2009 Recession of 2009