National Bank Act of 1870

GPTKB entity

Statements (61)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:addressed banking instability
gptkbp:allows federal oversight of banks
gptkbp:amended_by gptkb:National_Bank_Act_of_1863
gptkbp:date_enacted 1870
gptkbp:enacted_by gptkb:United_States_Congress
create a stable banking environment
gptkbp:encouraged investment in government bonds
gptkbp:established gptkb:Office_of_the_Comptroller_of_the_Currency
national currency system
national bank charters
gptkbp:has_impact_on banking system in the United States
https://www.w3.org/2000/01/rdf-schema#label National Bank Act of 1870
gptkbp:increased competition among banks
gptkbp:influenced gptkb:Federal_Reserve_Act
future banking regulations
gptkbp:influenced_by economic conditions of the 1860s
gptkbp:is_aimed_at reduce reliance on state-chartered banks
reducing bank failures
eliminating bank runs
gptkbp:is_criticized_for state banks
favoring large banks over small banks
due to state vs federal banking powers
gptkbp:is_debated_in gptkb:United_States_Congress
gptkbp:is_designed_to stabilize the banking system
provide a safer banking system
gptkbp:is_facilitated_by federal control over currency
gptkbp:is_implemented_in gptkb:Comptroller_of_the_Currency
gptkbp:is_opposed_by some politicians
gptkbp:is_promoted_by banking reform advocates
gptkbp:is_supported_by banking industry
gptkbp:led_to increased federal revenue
consolidation of banks
creation of a uniform currency
establishment of national bank notes
gptkbp:legislation the establishment of a national banking system
national banking system
created a national banking framework
regulated national banks
gptkbp:part_of U. S. banking legislation history
gptkbp:passes_through the aftermath of the Civil War
address banking issues of the time
gptkbp:provided federal insurance for bank deposits
gptkbp:purpose establish a system of national banks
gptkbp:related_to Civil War finance
gptkbp:repealed_by gptkb:National_Bank_Act_of_1933
gptkbp:replaced_by gptkb:Glass-Steagall_Act
gptkbp:requires banks to hold reserves
gptkbp:resulted_in banking reforms
gptkbp:signed_by gptkb:President_Ulysses_S._Grant
gptkbp:was_influenced_by the need for a stable currency
financial crises of the 1860s
gptkbp:was_part_of reconstruction era policies
U. S. financial reform efforts
post-Civil War economic policy
the evolution of U. S. banking laws
the financial recovery after the Civil War
the legislative response to economic challenges.
gptkbp:was_supported_by gptkb:business
gptkbp:bfsParent gptkb:National_Bank_Act_of_1864
gptkbp:bfsLayer 5