d.) a centralized system of state banks and national banks to a decentralized system of state banks
The U.S. banking system transitioned from a system of state-chartered banks to a system of nationally chartered banks by the end of the 19th century.
What did the U.S. banking system transition from by the end of the 19th century?
a.) a decentralized system of nation banks to a centralized system of state banks
b.) a decentralized system of state banks to a centralized system of state and national banks
c.) a centralized system of state banks to a centralized system of national banks
d.) a centralized system of state banks and national banks to a decentralized system of state banks
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