In the late 1800s, problems with the U.S. banking system included

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The late 1800s in the U.S. saw a banking system fraught with issues, including an uneven distribution of banknotes, differing regulations across states, the use of reserves from smaller banks to support loans by larger banks, and the contraction of money and credit by commercial banks during economic downturns. These factors collectively contributed to financial instability and uncertainty during that period.

In the Late 1800s, Problems with the U