By the end of the nineteenth century, the United States banking system transitioned from(1 point)

Question

Responses

a centralized system of state banks to a centralized system of national banks.
a centralized system of state banks to a centralized system of national banks.

a centralized system of state and national banks to a decentralized system of state banks.
a centralized system of state and national banks to a decentralized system of state banks.

a decentralized system of national banks to a centralized system of state banks.
a decentralized system of national banks to a centralized system of state banks.

a decentralized system of state banks to a centralized system of state and national banks.

Answer 1

The correct response is:

a centralized system of state banks to a centralized system of national banks.

By the end of the nineteenth century, the U.S. banking system saw significant changes, particularly with the establishment of the National Banking Act of 1863, which sought to create a more uniform and regulated banking system involving national banks alongside state banks.