Free Banking Era (1 janv. 1837 – 31 déc. 1862)
Description:
Only state-chartered banks existed. About half of the banks failed due to not being able to redeem their notes. The states regulated their own reserve requirments and interest rates leading to mismanagment.Ajouté au bande de temps:
Date:
1 janv. 1837
31 déc. 1862
~ 26 years
