Name ___________________________ Class _____________________ Date __________
CHAPTER
10
RESEARCH ACTIVITY
Crisis and Response in American Banking History 3
SECTION 2
The chart below shows five upheavals or crises in American banking history. Each
episode is followed by an event whose aim was to address the issue in the previous
period. ◆ Choose one of these five pairs of events to research. Use what you have learned in the
text as a starting point, and direct your research so that you can answer the four questions below.
Events
Years
Crisis: The charter of the First Bank of the
United States runs out.
Response: The Second Bank of the United
States opens.
Crisis: The Free Banking Era begins.
1811
Response: The National Banking Acts are
put in place.
Crisis: Panic of 1907 occurs.
1863, 1864
1907
Response: Federal Reserve Act is passed.
1913
Crisis: The Great Crash begins.
1929
Response: Federal Deposit Insurance
Corporation (FDIC) is established.
Crisis: The Savings & Loan crisis begins.
1933
1816
1837
1980s
Response: New S&L regulation is put
in place.
1989
1. Was the level of banking regulation high or low prior to the banking crisis?
Explain.
2. How did the government respond to the crisis? Why did the government see this
as a solution?
3. Was the response successful or not successful? Explain.
4. What problems did the response eventually lead to?
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