will rogers “the three greatest inventions of all time….. 1.fire 2.wheel 3.central banking
TRANSCRIPT
![Page 1: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/1.jpg)
Will Rogers
“The three greatest inventions of all time…..
1. Fire
2. Wheel
3. Central Banking
![Page 2: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/2.jpg)
Pre-Civil War Banking in America
I. Was a fiasco!II. 2 views of banking
1. Federalists a. ___________
banking system b. Led by ___________
2. _____________ a. __________ banking
sytem b. Favored leaving power
in the hands of ____. c. Led by ____________
centralized
Hamilton
Anti-Feds
De-centralized
The statesJefferson
![Page 3: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/3.jpg)
Two Attempts At Central Banking
1. The _______________ (1791)a. Regulated state banks
b. Held money collected by gov’t
c. Issue bank notes backed by “specie”
d. Borrowed and loaned money
e. Died with Hamilton’s death
1st National Bank
![Page 4: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/4.jpg)
Chaos/Conflict/Calamity
2. ____________ of the United States
a. another 20 year charter(1816-1836)
b. main opponent was __________ who vetoed its renewal in 1832.
III. Let the Banking Party Begin!
1. “free banking era” 2. fraud/panics/different
currencies
2nd National Bank
Andrew Jackson
![Page 5: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/5.jpg)
The Color of Money
![Page 6: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/6.jpg)
Deep in the Heart of Texas
![Page 7: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/7.jpg)
![Page 8: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/8.jpg)
Confederate Currency
![Page 9: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/9.jpg)
Colonial Currency
![Page 10: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/10.jpg)
![Page 11: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/11.jpg)
![Page 12: Will Rogers “The three greatest inventions of all time….. 1.Fire 2.Wheel 3.Central Banking](https://reader036.vdocuments.us/reader036/viewer/2022062802/56649e965503460f94b9a08d/html5/thumbnails/12.jpg)
Birth of a FED
1. Bank Panic of 1907
2. Federal Reserve Act of 1913a. Our Nation’s Central Bank