- 1913 – U.S. Congress creates the Federal Reserve System.
- 1933 – Congress passes the Securities Act of 1933 to counter the effects of the Great Crash of 1929.
- 1934 – The Securities Exchange Act of 1934 creates the beginning of the Securities and Exchange Commission.
- 1936 – The Commodity Exchange Act is enacted in direct response to manipulating grain and futures markets.
- 1944 – The Bretton Woods Accord is established to help stabilize the global economy after World War II.
- 1971 – The Smithsonian Agreements is established to allow for a greater fluctuation band for currencies.
- 1972 – The European Joint Float is established as the European community tries to move away form their dependency on the U.S. dollar.
- 1972 – The International Monetary Market is created as a division of the Chicago Mercantile Exchange.
- 1973 – The Smithsonian Agreement and European Joint Float fail, signifying the official switch to a free-floating system.
- 1974 – Congress creates the Commodity Futures Trading Commission to regulate the futures and options markets.
- 1978 – The European Monetary System is introduced to again try to gain independence form the U.S. dollar.
- 1978 – The Free-floating system is officially mandated by the International Monetary Fund.
- 1993 – The European Monetary System fails to make way for a worldwide, free-floating system.
- 1994 – Online currency trading makes its debut.
- 2000- Commodity Modernization Act establishes new regulations for securities derivatives, including currencies in futures or forwards form.
- 2002 – The Euro becomes the official currency of twelve European nations on January 1.
Forex Training - Timeline of Foreign Exchange
December 22nd, 2008 · No Comments
Tags: Forex Training
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
You must log in to post a comment.