Events with tag - Financial Reform

June 10, 1715

Arrest of Robert Harley

Robert Harley, 1st Earl of Oxford, was arrested and imprisoned in the Tower of London for alleged corruption and treason related to the South Sea Company scandal, marking a dramatic fall from grace for the former Lord High Treasurer.

June 24, 1720

South Sea Bubble Peak and Collapse

The South Sea Company's stock reached an astronomical peak of £1,050 per share before catastrophically collapsing to £124, marking one of history's most significant financial crashes and reshaping Britain's financial system.

September 2, 1720

South Sea Bubble Crash

The South Sea Bubble of 1720 was one of history's most notorious financial disasters, when shares of the South Sea Company plummeted from £1,050 to below £200 in weeks, causing widespread economic panic and leading to major financial reforms in Britain.

October 29, 1929

The Great Depression

The Great Depression was the worst economic downturn in US history, beginning with the stock market crash of 1929 and ending between 1939-1941 due to World War II's massive industrial mobilization.

June 16, 1933

Glass-Steagall Act

The Glass-Steagall Act of 1933 was a groundbreaking financial regulation that separated commercial and investment banking in response to the 1929 stock market crash. It established the FDIC and remained in effect until 1999.

June 6, 1934

SEC Establishment

President Franklin D. Roosevelt established the Securities and Exchange Commission (SEC) by signing the Securities Exchange Act into law, creating the first federal regulatory agency for securities markets in response to the 1929 stock market crash.