For those who are not only interested in forex trading made easy tutorials but the history of forex trading, here is a chronology of the forex history marking major events that took place:
1913 – US Congress created the Federal Reserve System
1933 – Congress passes the Securities Act of 1933 to counteract the 1929 Great Crash
1934 – The Securities Exchange Act of 1934 saw the creation of the Securities and Exchange Commission
1936 – Commodity Exchange Act was legislated to stabilize the futures market
1944 – The Bretton Woods Accord was established to stabilize world economy after the World War II
1971 – The Smithsonian Agreement was established to allow for currency fluctuations
1972 – The International Monetary Market was established as part of the Chicago Mercantile Exchange
1972 – The European Joint Float was created as the European community sought to rely lesser on the US Dollar
1973 – The Smithsonian Agreement and European Joint Float failed and resulted in a switch to a free floating system of currencies
1974 – The Commodity Futures Trading Commission was formed as a regulatory body for the futures and options markets
1978 – The European Monetary System was created to firmly alienate itself from over-reliance on the US Dollar
1978 – Free-Floating System was officially set as mandatory by the International Monetary Fund, IMF
1993 – The European Monetary System fails to make way for a global free floating currency system
1994 – Online currency trading takes place
2000 – Commodity Modernization Act sets the new rules and regulations for securities derivatives as well as currencies in futures
2002 – The “Euro” debuts as the official currency of 12 European countries on 1 Jan
