ryansanders01 ryansanders01
  • 06-03-2020
  • History
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3. Explaining Why was the National Banking System
developed?

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26malorylear
26malorylear 26malorylear
  • 06-03-2020

Answer: The act allowed the creation of national banks, set out a plan for establishing a national currency backed by government securities held by other banks, and gave the federal government the ability to sell war bonds and securities (in order to help the war effort).

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