Which of the following reflects the decentralization that occurred throughout the U.S. banking system in the mid-1800s?(1 point)

Question

Responses

The number of national banks increased dramatically.
The number of national banks increased dramatically.

The first and second central banks of the United States were chartered.
The first and second central banks of the United States were chartered.

The national currency of the United States was established.
The national currency of the United States was established.

The number of independent state banks increased dramatically.

Answer 1

The response that reflects the decentralization that occurred throughout the U.S. banking system in the mid-1800s is:

The number of independent state banks increased dramatically.

During this period, there was a significant rise in the number of state-chartered banks, contributing to a more decentralized banking system.