Question

Which dominated the Free Banking Era between 1837 and 1863?


federal banks


savings and loan banks


state-chartered banks


the Bank of the United States

Answer 1

During the Free Banking Era between 1837 and 1863, **state-chartered banks** dominated. This period was characterized by a lack of a central banking authority and a system in which many states allowed the creation of banks with fewer regulations, leading to the rise of numerous state-chartered banks.