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 decentralized system of state banks to a centralized system of state and national banks.
a decentralized system of state banks to a centralized system of state and national banks.
a centralized system of state banks to a centralized system of 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, particularly with the establishment of the National Banking Act of 1863 and subsequent changes, the U.S. banking system moved toward a more centralized approach with national banks while still incorporating state banks into the overall framework.
