Financial system/Timelines


 * 1637 Dutch tulip bubble


 * 1694 Formation of the Bank of England


 * 1720 South Sea Bubble


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


 * 1866 Overend and Gurney bank rescued[


 * 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.[


 * 1980 US Depository Institutions Deregulation and Monetary Control Act


 * 1986 UK Building Societies Act


 * 1987 Global stock market crash


 * 1989 LTCM hedge fund rescued


 * 1997 Asian banking crisis.


 * 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.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