Ep 21. Banks

"Modern Marvels" season 7 episode 21 titled "Banks" explores the fascinating history and evolution of banking in the United States. From the humble beginnings of banks in the early 18th century to the high-tech institutions of today, viewers are taken on a journey through the transformation of American banking.

The episode showcases key milestones in banking history, including the establishment of the First Bank of the United States in 1791, and the creation of the Federal Reserve System in 1913, which helped stabilize the American economy during times of crisis.

Viewers learn how banks have adapted to changing times, adopting new technologies and services to meet the needs of their customers. They also discover the inner workings of modern banks, from the role of bank tellers to the complex workings of the automated teller machine (ATM).

The episode also highlights the many functions of banks beyond traditional deposits and lending. Banks have played a major role in financing major infrastructure projects, such as the construction of the Panama Canal, and have been instrumental in funding space exploration.

In addition to their economic impact, banks have also had a profound social impact. Banks have played a role in supporting civil rights movements and initiatives to promote financial literacy.

Throughout the episode, a range of experts and professionals offer their insights into the history and workings of banks. These include bankers, economists, historians, and government officials.

Overall, "Modern Marvels" season 7 episode 21 provides a comprehensive look at the important role that banks have played in American history and society. From their humble beginnings to the cutting-edge institutions of today, this episode showcases how banking has evolved to meet the needs of a changing world.