The History of the U.S Dollar

Creation of Federal Reserve

Dec 23, 1913

Prior to the establishment of the Federal Reserve, money and credit were in control by a few men and few banks. This encountered several problems and issue surrounding the legitimacy of certain actions these banks found themselves doing. By establishing the Fed, the U.S. currency gained greater legitimacy and value as the control of its supply was put in the hands of a central bank.

Gold Standard

Jun 5, 1933

The U.S leaving the gold standard was one of the biggest financial changes across U.S history. The dollar needed saving and leaving the gold standard was one of the only options.

Wolrd War Two

Sep 1, 1939

The Start of World War Two marked on the of the largest periods of econmic growth in the United States History. The dollar flourished and American corperations grew rapidly.

Vietnam War

Nov 1, 1955

The Vietnam War had an almost oposite effect on the U.S economy as World War Two did, the dollar weekend and many questioned the state of the U.S economy.

Sub Prime Morgatge Bubble

Dec 1, 2007

The 2007/2008 sub prime morgatge crisis marked the second biggest financial crisis the U.S has ever seen. It substancialy weakened the dollar and caused global financial pain.