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History 4: Banker vs president and the birth of the dollar

Planet Money Summer School

CHAPTER

Evolution of the U.S. Banking System

This chapter examines the transformation of the U.S. banking system post-Civil War, focusing on the need for a centralized currency and the establishment of the Federal Reserve as a stabilizing force. It highlights the ongoing relationship between economic risk-taking and regulatory frameworks intended to ensure accountability in the financial sector.

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