Which of the following reflects the decentralization that occurred throughout the U.S. banking system in the mid-1800s?

Question

The first and second central banks of the United States were chartered.
The number of national banks increased dramatically.
The number of independent state banks increased dramatically.
The national currency of the United States was established.

Answer 1

The decentralization that occurred throughout the U.S. banking system in the mid-1800s is reflected in the dramatic increase in the number of independent state banks. Therefore, the correct option is: "The number of independent state banks increased dramatically."