Responses
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 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 decentralized system of state banks to a centralized system of state and national banks.
1 answer
The correct response is:
a decentralized system of state banks to a centralized system of state and national banks.
By the end of the nineteenth century, the U.S. banking system underwent significant changes, leading to the establishment of a more centralized system, particularly with the creation of the Federal Reserve System in 1913. This system sought to stabilize the banking industry and provide a safer and more flexible monetary and financial system.
