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Bank panics in USA prior to the creation of the Fed – further comment
Tuesday, December 20, 2016 18:24
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From FB, here. From my Intermediate Macro textbook by Stephen Williamson: In the Free Banking Era in the United States (1837– 1863), and earlier, banks chartered by state governments issued pieces of paper that were exchanged hand-to-hand, much as currency is today. A system of note issue by private banks was also in place in […]
Source: http://www.sabhlokcity.com/2016/12/bank-panics-in-usa-prior-to-the-creation-of-the-fed-further-comment/
