The Free Banking Era (jan 1, 1836 – jan 1, 1864)
Description:
In the Free Banking Era, a lot of new banks were created, without standards and backings from anything, and some currencies people bought into may not be recognized at all merchants, signifying the need for a unified currency. More than 10000 new forms of notes were created during this period.Added to timeline:
Date:
jan 1, 1836
jan 1, 1864
~ 28 years