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logoBanking

bang' king, the business of receiving, lending, exchanging, and safeguarding money and, in some cases, issuing notes and transacting other financial business


CONTENTS

Nicholas BiddleNicholas Biddle
worked as a secretary, writer, lawyer, and state legislator before being appointed to the Bank of the United States as a director in 1819. Named president of the Bank in 1823, he made it one of the most powerful institutions in the country, leading to a two-decade "war" with President Andrew Jackson.
John Piepont MorganJohn Pierpont Morgan
was a major force in American business and industry in the late-18th and early-19th centuries. His company controlled major railroads, electric companies, and steel and agricultural equipment industries, and was so powerful that it was actually given the task of replenishing the nation's gold reserve.
The Federal Reserve BoardThe Federal Reserve Board
is responsible for the formulation of monetary policy. It does this by setting reserve requirements and, with the Reserve Banks, sets the "prime lending rate." It is also responsible for helping implement federal laws governing consumer credit.
Auto BankAuto Bank
Automated Cash DispenserAutomated Cash Dispenser
On September 2, 1969, a machine called a Docuteller "opened for business" on an outside wall of the Chemical Bank branch in Rockville Centre, New York.
Baffin Island BankBaffin Island Bank
Sidewalk BankingSidewalk Banking

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The Robinson Library >> Economics