1. American Bank System
... will argue that the 1800-1810 period was one of exhaustive tension between centralists and de-centralists. This had important and lasting effects on the banking system, the most obvious being that, in the following century, state banks proliferated to the point where they were chartered with abandon. As John K. ... and discounts(Foner/Garraty, 192). Within the first few years of independence, it was almost natural that more trust was needed in the banking system. "The thinking of the time favored the establishment of a single quasi-governmental bank in each state that would operate in the...
- Word Count: 3632
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate