Republicans in Congress pushed for the passage of the National Bank Act of 1863 because

Question

Quizplus · Accepted Answer

The National Bank Act of 1863 was designed to create a national banking system, stabilize the currency, and finance the Civil War. One of its goals was to curtail the over-issuance of paper currency by state banks, which was seen as a problem by many, including those in the Republican Party. By establishing a system of nationally chartered banks and imposing strict controls on the issuance of banknotes, the Act aimed to reduce the temptation for administrations to rely excessively on the printing of paper money, which could lead to inflation and undermine the economy.

Republicans in Congress Pushed for the Passage of the National