Eliminate states banks

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Given that there was no central bank in the United States, there existed both federal banks and state banks. How did the federal government address the dual banking system and attempt to eliminate states banks? Were they successful? The financial panics that arose in the postbellum period eventually led to the formation of the National Monetary Commission. What did this commission do and what did its work lead to the formation of?

Reference no: EM133126206

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