economics
Date Submitted: 03/23/2003 02:05:31
Category: / Law & Government / Government & Politics
Length: 14 pages (3785 words)
Category: / Law & Government / Government & Politics
Length: 14 pages (3785 words)
The American Banking System 1800-1810
INTRODUCTION
Looking back to the outset of the 19th century, it is impossible to say that any real banking system had really been developed in the US. This is to say that, though there were roughly 120 private commercial banks that had been chartered by new state governments, the so-called system was scarcely organized. It was ad hoc in nature and directly linked to the merchant banking practices of the pre-independence
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