Banking System Term Papers Samples For Students

U.S. Banking System 1791-1836
The First Bank of the United States was created in February 1791. The U.S. Congress chartered this bank for a period of twenty years to serve as a fiscal agent for the U.S. Treasury. The semi-private, semi-public national bank was a significant factor in the building of the U.S. economy in this period. This bank performed the first central bank functions for the U.S. government and ran from 1791 to 1811, when the U.S. Congress failed to renew its charter. This bank was important because the U.S. government had accumulated a debt to finance the Revolutionary War, and ...

Overview of the Company

In 1844, Henry Lehman, a German immigrant resettled in the United States of America. The 23-year old immigrant decided to make Montgomery, Alabama his home where he ended up opening a general store that was then referred to as “H. Lehman.” Three years later, in 1847, Henry was joined by his younger brother, Emanuel Lehman, and henceforth the store changed its name to “H. Lehman and Bro.” The youngest of the Lehman Brothers, Mayer Lehman, joined his two elder siblings in 1850 and together the three Brothers founded what was until 2008 referred to as the Lehman Brothers (LEH). From its ...

Banking industry in Malaysia

The Malaysian banking industry can be traced back to the early 1900s during a period of rapid economic development mainly due to the increasing profits accrued from the rubber plantations and the tin industry. This resulted to the opening of branches of foreign banks in the country and the establishment of the first domestic bank in the country, Kwong Yik Banking Corporation during 1913, which is presently the Malaysian Banking Berhad (Alexander, 2007). This set the pace for the growth of the industry and its subsequent expansion to include the setting up of Bank Negara Malaysia, which is the country’ ...

Background

During the World War I, United States and European countries economies had forged an intimate and unique relationship and owing to this, the Great Depression spread to these countries. After the World War I, United States emerged as a major financier and creditor of postwar Europe. The national economies of European countries were greatly weakened by World War I and the war debts (McNeese, 2010). In particular Germany and other countries that were defeated were expected to finance war reparations. The United States Economy slowly slumped after the World War I and the American investment credits flow to the European ...

Introduction

There are two kinds of tools available to the economic policy-makers through which they tend to influence the economy of the country; these two tools are fiscal and monetary. The former policy related to the spending of the government and the collection of revenue like altering the disposable income of the people by lowering taxes or increasing the spending so that demand is stimulated. The latter which is the monetary policy is associated with the supply of money and is influenced by such factors like the rate of interest and the reserve requirements for the banks. Usually these policies ...