A Look Back at the National Banking System and Its Relevance for Today

9 Pages Posted: 25 Mar 2014

Date Written: March 24, 2014

Abstract

The National Banking System, established in 1864, required the backing of currency by government debt. There was considerable debate at the time about the proposed legislation. This paper looks back at the key features of the financial system as it existed in the latter half of the nineteenth century, the debates over reform of that system, and the relevance of those debates for financial reform today.

Keywords: banking regulation, National Banking System

JEL Classification: G28, N21

Suggested Citation

Phillips, Ronnie J., A Look Back at the National Banking System and Its Relevance for Today (March 24, 2014). Available at SSRN: https://ssrn.com/abstract=2414010 or http://dx.doi.org/10.2139/ssrn.2414010

Ronnie J. Phillips (Contact Author)

Colorado State University ( email )

Fort Collins, CO 80523-1771
United States

HOME PAGE: http://www.ronniejphillips.com

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