What occurred because of the Free Banking Era in the U.S?(1 point)

Question

Responses

Land became easier to purchase.
Land became easier to purchase.

Monetary reserves increased.
Monetary reserves increased.

The U.S. banking system experienced decentralization.
The U.S. banking system experienced decentralization.

Banks were unable to print more money.

Answer 1

The correct response is:

The U.S. banking system experienced decentralization.

During the Free Banking Era, which lasted from the mid-1830s to the onset of the Civil War in the 1860s, many states allowed the establishment of banks with less regulation, leading to a proliferation of state-chartered banks and a more decentralized banking system.