... "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.let ... sheets for the years 1792-1800 reveal a generally high degree of success in maintaining the Bank's specie reserves. The ratio between bank notes in circulation and specie holdings was quite small"(Foner/Garraty, 193). The problem was that the bank could not kee...

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