When was the National Banking Period?

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The National Banking Period was from 1863 to 1913. During this period, a national banking system was established in the United States, with the goal of creating a more stable and uniform financial system. The National Banking Act of 1863 created a system of nationally chartered banks that were required to hold US government bonds as collateral for their bank notes. This system helped to create a more stable currency and reduce the risk of bank failures. The period ended with the establishment of the Federal Reserve System in 1913.

When Was the National Banking Period