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Klebaner, Benjamin J. American Commercial Banking: A History (Twayne, 1990). online; Mason, David L. From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 (Cambridge University Press, 2004). Meltzer, Allan H. A History of the Federal Reserve (2 vol. U of Chicago Press, 2010). Murphy, Sharon Ann.
The beginnings of the banking industry can be traced to 1780 when the Bank of Pennsylvania was founded to fund the American Revolutionary War. After merchants in the Thirteen Colonies needed a currency as a medium of exchange, the Bank of North America was opened to facilitate more advanced financial transactions.
The history of banking began with the first prototype banks, that is, the merchants of the world, ... 1782 – The Bank of North America opened. [216] 1791 ...
The bank's initial public offering in July of 1791 was the largest such event in the young country's history, as the $8 million of offered shares were quickly snapped up by the nation's elite.
This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System. 1781–1836: Bank of North America and First and Second Bank of the United States
The history of Bank of America dates back to October 17, 1904, when Amadeo Pietro Giannini (1870–1949) founded the Bank of Italy, in San Francisco. [14] In 1922, Bank of America, Los Angeles was established with Giannini as a minority investor.
Pages in category "History of banking in the United States" The following 24 pages are in this category, out of 24 total. This list may not reflect recent changes .
A History of Money and Banking in the United States is a 2002 book by economist Murray Rothbard, released posthumously based on his archived manuscripts. [1] The author traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century.