... "every location large enough to have a church, a tavern, or a blacksmith shop was deemed a suitable place for setting up a bank. These banks issued notes, and other, more surprising enterprises, imitating the banks, did likewise. Even barbers and bartenders competed with banks in this respect" (Flaherty, 1997: http://odur. ... thinking of the time favored the establishment of a single quasi-governmental bank in each state that would operate in the public interest under private management. The overriding fear of political leaders was that excessive numbers of banks or loans too much in ex...

• Word Count: 3632
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate