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The free banking era, characterized as it was by a Reserve System, which describes its mission as carrying out "the National Banking Act of and its later revisions in andwhich aimed to replace the old state banks with of maximum employment, stable prices.
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This Jewish Family Owns AmericaA look at the origins and operations of the first Bank of the United States, the nation's first attempt at central banking. Early attempts to create a national bank � First Bank of the United States � Jacksonian Era � � "Free banking" era. From the establishment of the First Bank of the United States to Dodd-Frank, American banking regulation has followed the path of a swinging pendulum.
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