Description

Debates over paper money and banking are older than the United States of America itself 18th and 19th century Americans were deeply ambivalent about paper money and central banks and political fights over these issues were among the bitterest in American history In fact controversies over the countrys central bank birthed both the first 17921824 and second 18281852 party systems frequently policymakers crafted responses to the crisis at hand and as a result they implemented policies that were inadequate to the challenges the country faced in the future