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In 1863, in reaction to financing pressures in the Civil War, Congress passed the Countrywide Banking Act, producing nationally chartered banking institutions. There was neither a central lender nor deposit coverage through this period, and therefore banking panics were being widespread. Recessions normally resulted in financial institution panics and financial http://lifestyle50505.blogdigy.com/the-single-best-strategy-to-use-for-personal-finance-9867139


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