Events with tag - Financial Regulation

May 1, 1720

The Mississippi Bubble

The Mississippi Bubble of 1720 was one of history's first major financial crashes, occurring when John Law's speculative banking scheme and the Mississippi Company's shares collapsed, devastating the French economy.

October 29, 1929

The Great Depression Peak Unemployment

The Great Depression reached its devastating peak in 1933 with an unprecedented 24.9% unemployment rate, leaving 15 million Americans jobless in the worst economic crisis of modern history.

March 9, 1933

Launch of the First New Deal

President Franklin D. Roosevelt initiated the First New Deal, a comprehensive series of economic reforms and relief programs to combat the Great Depression. Within his first 100 days in office, FDR implemented 15 major pieces of legislation to stabilize banks, create jobs, and provide economic relief.

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

FDIC Establishment

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression as a crucial financial safeguard to restore confidence in the U.S. banking system. This landmark institution began insuring bank deposits on January 1, 1934, marking a fundamental shift in banking regulation.

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.

June 6, 1934

SEC Establishment

President Franklin D. Roosevelt established the Securities and Exchange Commission (SEC) by signing the Securities Exchange Act into law, creating the first federal regulatory agency for securities markets in response to the 1929 stock market crash.