What is Free Banking Era?

Describes a period within the history of US central banking between 1837 and 1862. In this period, central banking did not exist and was managed by the states. These banks were self-regulated and issued their banknotes against gold and silver coins.

What people ask…

Does the US have a central bank?
When were central banks created?
When did the central bank start?
Who owns the US central bank?

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