2min chapter

Planet Money cover image

The bank war (Classic)

Planet Money

CHAPTER

The Bank of the United States Was the Only National Bank

The bank of the united states was doing a lot of the economic stuff that to day is the job of the federal government and the federal reserve. Back then, printed paper money. You could get a bank note in new york city, spend it at new orleans. There another thing the bank did for the country under biddle that was really important, it cushioned economic booms and bus to day.

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