Events with tag - Financial History

September 8, 1711

South Sea Company Royal Charter

Queen Anne grants Royal Charter to the South Sea Company, establishing exclusive trading rights with Spanish America and creating a mechanism to manage Britain's £9 million war debt through innovative financial instruments.

January 22, 1718

King George I Becomes South Sea Company Governor

King George I was appointed Governor of the South Sea Company in 1718, marking a significant moment that led to one of history's most notorious financial scandals. His appointment initially brought unprecedented growth but ultimately contributed to the devastating South Sea Bubble crash of 1720.

May 14, 1917

American War Bonds Launch

The U.S. Treasury Department launched its first major war bonds program in 1917, introducing Liberty Bonds to finance World War I military operations. The program later evolved into Victory Bonds and War Bonds during World War II, becoming one of America's most successful financial initiatives.

March 9, 1933

Emergency Banking Act

The Emergency Banking Act of 1933 was a landmark legislation passed during the Great Depression that gave the federal government and Federal Reserve expanded powers to stabilize the failing banking system and restore public confidence.

June 16, 1933

Glass-Steagall Act

The Glass-Steagall Act of 1933 was a groundbreaking financial regulation that separated commercial and investment banking in response to the 1929 stock market crash. It established the FDIC and remained in effect until 1999.