What was the first bank in the United States


On January 4, 1782, the Bank of North America opened its doors in Philadelphia, becoming the first in the USA, although by that time the country was still involved in the War of Independence (which ended in 1783 despite the fact that the declaration of emancipation would have been made on July 4, 1776).

What was the first bank in the United States?

Until that date, bank loans had been in the hands of private lenders who had made usury a profitable business and it was for this reason that the Congress of the Confederation , created on March 1, 1781, urged to curb the speculation of those individuals who were enriched without any scruples and gave the green light to the creation of a national bank to carry out such transactions.

As a curious note, it is worth noting that the first daughter of Philadelphian politician William Bingham ( Ann Louisa Baring ) was born one day before the opening of the Bank of North America, so as a celebration the happy father decided to buy 9.5% of shares of the recently launched bank, something that made it, after the end of the War of Independence, one of the richest men in the United States.



The ‘Buen Vivir’, a forum that wants to change the global indicators of wealth

For the first time in Europe, elected representatives, local authorities, scientists, associations and committed citizens meet in what they have called the International Forum for Good Living , with the aim of reflecting on wealth indicators and acting together in the face of the need to a change of model.

It will be in Grenoble (France) on June 6, 7 and 8 and an extensive program of conferences, round tables, screenings, artistic interventions, workshops and debates open to all has been organized.

foro internacional para el buen vivir

For more than 30 years, numerous experiences have been applied to smaller scales that promote other “compasses” , trying to put at the heart of public action alternative indicators to GDP or complementary to economic indicators.

These initiatives question economic growth as the dominant objective of political, economic and social interventions and seek to measure well-being, human and social development, quality of life, living together, etc. So many invisible elements in the statistics of economic growth, as the organizers of this forum say.

The Forum will be focused on the “and after? “, That is, in the conditions for these alternative indicators to pass from simple observation indicators to indicators that influence individual, collective and institutional decisions.

“For all citizens committed to building a fair and sustainable society, it is time to lay the foundations for concerted action,” they say.

The International Forum for Good Living has been organized collaboratively by local governments (City and Metropolis of Grenoble), the university community of Grenoble (COMUE and the University Grenoble-Alpes); and civil society (CCFD-Terre Solidaire and the collective FAIR / Forum for other indicators of wealth). And to build the program, economic and social actors , researchers, elected representatives or citizens committed to these reflections have been invited to participate. They also invite researchers from the scientific community interested to participate in the scientific colloquium that has been planned to enrich the research work on these issues.

Car Insurance: New Type Classes for 2016 now released

With the new type classes 2016, which were published today, it goes in the motor liability insurance for 30 percent of vehicles in a new type class. In partial and comprehensive insurance, around 45 percent of the vehicles are even reclassified. Depending on the new type class, car insurance may be cheaper or more expensive in 2016.


Neue Typklassen 2016 primär für Teil- und Vollkasko Kfz-Versicherung
New Type Classes 2016 for Casco and Liability Insurance

The new type classes for 2016 are here. While drivers whose vehicles are being downgraded to a lower-end type can hope for lower premiums for their car insurance, car owners looking for vehicles with a higher car class from 2016 onwards will have to expect higher premiums . However, changes in the type class “do not allow conclusions about the development of the total motor insurance contribution,” according to the German Insurance Association (GDV), which published the type classes for 2016 today. Because the amount of the insurance premium depends on several factors. Nevertheless, many drivers are interested in the respective class of their car.

Update September 7, 2016: The type classes for 2017 are now fixed.

Type classes 2016: What changes are there in motor insurance?

For policyholders insured by motor insurance, there will be little change in 2016. About 14 percent of the vehicles are downgraded to a lower type class and 16 percent are upgraded . Significantly more changes are in the partial and comprehensive insurance. Almost every second vehicle gets a new type class. This means a better categorization in figures for 8.6 million vehicles in the fully comprehensive (VK) and for 5.3 million vehicles in the Teilkasko (TK) from next year. A worse, higher class, however, results for “just under 800,000 fully comprehensive and almost 300,000 partially covered cars”, so the GDV.

For example, these vehicles will be reclassified:

New type class 2016 motor insurance

  • Ford B-Max 1.0 (-2)
  • Audi A3 Sportback (-2)
  • Golf VII Estate TDI (-2)
  • Skoda Octavia 1.2 TSI (+1)
  • Mercedes C 180 (+3)
  • Kia Carens (+2)

New type class 2016 Motor vehicle insurance

  • Opel Mocha 1.6 (-3 VK, -1 TK)
  • Seat Leon 1.4 TSI (-3 VK)
  • Subaru Forester 2.0 D (-3 VK)
  • Nissan Qashqai 1.6 DCI (-4 VK)
  • Suzuki Alto 1.0 (-1 VK, 3 TK)
  • Range Rover Sport 3.0 TD (+2, +5 TK)
  • BMW 420 D Coupe (+2 VK)
  • Jaguar F-Type Roadster (+1 VK)
  • Mazda 3 FLH 2.0 (+5 VK)
  • Lexus RX450 Hybrid (+4 TK)
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Which type class does my car have 2016?

Anyone who wants to know which type of vehicle his vehicle will have in 2016 can turn to the type class index of the GDV. For this, owners need the key numbers of the manufacturer and the type that drivers find in the vehicle registration.

In order to determine the type class for the respective year, the vehicle damage and repair costs of the last three years are compared with those of previous years. If less damage has been regulated, the corresponding vehicle type will fall into a lower class. In case of more damage, an upgrade will take place. In addition to road accidents, car insurance, fires, broken windows and damage caused by natural disasters also play a role in the balance sheet of comprehensive insurance .

Here you can find tips and more information about car insurance.