Final answer:
The history of banking in the United States reflects significant changes from the chartering of the Bank of the United States post-market revolution to legislation addressing banking crises, such as the Emergency Banking Act of 1933 and the Banking Act of 1935.
Step-by-step explanation:
The history of banking in the United States includes critical events that shaped the modern banking system. Following the market revolution, the Bank of the United States was chartered in 1816 to facilitate transactions and regulate currency, but it was later criticized for risky loans and increasing inflation.
The Banking Act of 1935 followed, introducing a seven-member board of governors to oversee the Federal Reserve System, which was a significant restructuring of banking laws. Over time, the number of banks in the US has decreased, partly due to failures and mergers. In response to public dissatisfaction with big bank bailouts, initiatives like the "Transfer Your Money" day in 2009 and the Move Your Money Project have encouraged people to transfer their funds to credit unions, substantially impacting bank assets.