Which dominated the Free Banking Era between 1837 and 1863?

federal banks

savings and loan banks

state-chartered banks

the Bank of the United States

1 answer

During the Free Banking Era between 1837 and 1863, state-chartered banks dominated. This period was characterized by a lack of a central banking authority and a system in which many states allowed the creation of banks with fewer regulations, leading to the rise of numerous state-chartered banks.