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Section 12: U.S. banks and money
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To rebuild its credit after the Revolution, the American government decided not to issue more paper money. From 1781 to 1863, banks provided much of the nations money. Commerce came to depend heavily on bank notes and bank deposits.
Notes from two banks that couldnt quite hang on
First Bank of the United States
Second Bank of the United States
State-chartered banks took over
Bank of New York
Bank of Massachusetts
Bank of North America
With no central control, there were many notes and much chaos
Mississippi and Alabama Railroad Company
Wildcat banks
Augusta Banking and Insurance Company
Bank of East Tennessee
Central Bank of Alabama
This note was probably the reason the South is known as Dixieland
$10 dix note, front
$10 dix note, back