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The other two downturns were depressions accompanied by significant periods of deflation during the early 19th century. The first and most severe was during the depression from 1818 to 1821 when prices of agricultural commodities declined by almost 50 percent. A credit contraction caused by a financial crisis in England drained specie out of ...
Before credit scores, credit was evaluated using credit reports from credit bureaus. During the late 1950s, banks started using computerized credit scoring to redefine creditworthiness as abstract statistical risk.
The Florida Tax Credit Scholarship (FTC) program was initiated by former Florida governor Jeb Bush in 2001 and began offering scholarships in 2002. [6] The program is intended to offer low-income students scholarships to attend private schools through school choice. The program is funded through private corporate donations.
Before standardization of credit scoring, statements of character were integral to credit reports well into the 1960s. [3] With credit reports containing probing details about personality, habits, and health, in the hearings on the Fair Credit Reporting Act lawmakers were troubled that individuals were helpless to clear up errors.
A shell midden at Enterprise, Florida in 1875.. The foundation of Florida was located in the continent of Gondwana at the South Pole 650 million years ago (Mya). When Gondwana collided with the continent of Laurentia 300 Mya, it had moved further north. 200 Mya, the merged continents containing what would be Florida, had moved north of the equator.
Barnett National Bank Building in 2011. The Great Fire of 1901 destroyed most of the city, but the National Bank of Jacksonville was the only bank still standing. William Boyd Barnett died September 2, 1903, and Bion renamed the institution Barnett Bank in his father's honor.
1943 September 26: Florida's first oil well is drilled in Collier County by Humble Oil Company. [10] 1947: Everglades National Park dedicated. 1949 March 21: The first television station in Florida begins broadcasting, WTVJ. It is the 16th TV station to start broadcasting in the United States and is the oldest station still broadcasting in the ...
Deposits in Florida banks had increased steadily between 1922 and 1925, but then started to decline; by 1926 smaller banks began to fail because of many withdrawals by depositors and defaults on loans. Bank assets flowing into the state started to reverse. A "surplus of funds" and easily available credit also began to dry up. [26]