(The National Banking Act was passed in 1863—with revisions in 1864 and 186...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
(The National Banking Act was passed in 1863—with revisions in 1864 and 1865—to help fund the Civil War by creating currency notes issued by the larger nationally chartered banks rather than state-chartered ones. The Union government established many more nationalistic institutions, as opposed to the more fractious and weaker brand of federalism that existed beforehand.
chapter: Chapter 1: The Early 1910s: Post-Panic Creature and Party Posturing