Anchor Event
1863-1864
1863-1864
Civil War and Reconstruction Era
Anchor Event
What Americans Were Trying To Do
Create a more uniform banking and currency system to support war finance and commerce.
What Happened
The National Banking Acts created nationally chartered banks that could issue notes backed by U.S. government bonds. Later taxes on state bank notes pushed currency toward the national system.
How Public Finance Made It Possible
Public finance linked government borrowing to a more uniform financial system.
What This EnabledBusinesseshouseholds gained a more standardized currencystronger national banking structure
How Americans BenefitedBusinesseshouseholds gained a more standardized currencystronger national banking structure
Defining Moments
Top 100 Building Events
