Ask Question
18 August, 16:32

Who issued paper currency in the United States during the first half of the 19th century? Question 14 options:

The National Bank

state banks

local banks

The Federal Reserve

+1
Answers (2)
  1. 18 August, 19:09
    0
    The correct answer is B) state banks.

    State banks issued paper currency in the United States during the first half of the 19th century.

    The first form of money used in the Americas was the paper money issued in the Massachusetts Bay Colony. The National Banking Act of the 1800s, private banks were allowed to issue their notes in a unified currency system. The Federal Reserve banking system was established after the panic of 1907 to provide a safety net to investors and people.
  2. 18 August, 19:29
    0
    The federal reserve
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Who issued paper currency in the United States during the first half of the 19th century? Question 14 options: The National Bank state ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers