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Story of Money


Section 12: U.S. banks and money Previous | Next | Section Index
Wildcat banks
A few dishonest men opened “wildcat banks” in remote areas “where there were more wildcats than people.” Because these banks were located in hard-to-find places, their bank notes could not easily be redeemed for coins.

Augusta Banking and Insurance Company
Augusta, Georgia, 1852

Bank of East Tennessee
Knoxville, Tennessee, 1854

Central Bank of Alabama
1836
 
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