Historical Echoes: The Whimsical Side of Banking circa 1960
Modern-day banks provide many services to their customers: checking and savings accounts, mortgages, investment advice, and the like.
Historical Echoes: Banking in Early Nineteenth‑Century New England
Amy Farber Old Sturbridge Village (OSV) is an historic site, a living museum located in Sturbridge, Massachusetts, that has a well-developed public website. Its page about banking in the early 1800s describes the Thompson Bank (see also video of exterior), which was constructed in the 1830s in Thompson, Connecticut, was a bank until 1893, and […]
Historical Echoes: The Origins of the Piggy Bank
Looking far back, all the way to the Middle Ages, people were in many ways very similar to those living today.
Historical Echoes: The Aftermath of a Devastating Hurricane . . . in 1938
More than seventy-four years ago, on September 21, 1938, a devastating hurricane—sometimes referred to as the Long Island Express—struck the southern shore of Long Island without much warning, killing fifty people and causing massive property damage.
Historical Echoes: Reverse Bank Run, Or When the Money Came Rollin’ In
On March 6, 1933, President Roosevelt issued a proclamation of a national bank holiday, which prohibited the withdrawal of gold for hoarding and other purposes and resulted in the temporary closure of all banks in the United States.
Historical Echoes: 1947 Banking Basics, Step by Step
In 1947, if you didn’t quite understand banking basics, the ten-and-a-half-minute film “Using the Bank” might have served as an introduction.
Historical Echoes: How Do You Say “Wall Street” in Latin?
The Forum. This is where finance happened in ancient Rome.
Historical Echoes: FOMC … “Minutes” by Minutes
Kathleen McKiernan Although the Federal Reserve was founded in 1913, the Federal Open Market Committee, or FOMC, wasn’t created until passage of the Banking Act of 1933. Congress established the name and legal structure of the FOMC as a formal committee of the twelve Reserve Banks. In 1935, a System reorganization added the seven-member Board […]
Historical Echoes: It’s Not Easy Being Green
COLOURlovers is a website for people obsessed with color and design.
Historical Echoes: “Too Big to Fail” Is One Big Phrase
It’s a book! It’s an HBO film! It’s a T-shirt! It’s the subject of one of the two top quotes of 2009!