The Free Banking Era (20 gen 1837 anni – 23 feb 1863 anni)
Descrizione:
The number of state banks rose greatly and caused a variety of problems. They didn't have gold and silver to back their money, and people came and tried to redeem their money for gold and silver, which the banks didn't have. A lot of banks engaged in fraud. There were many different currencies flowing through these banks. This made it easy to create believable counterfeits, and created chaos.
Aggiunto al nastro di tempo:
The Bank History by Sarah H and Nyara G
The history of the American Banks
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