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The Jekyll Island Secret Meeting (1910) w/ Jacob Goldstein

This Day

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The US Bank System Was a Backwater

The US had a central bank in the first half of the 1800s. The second, Hamilton's was the first. And then there was a second one that Andrew Jackson killed,. and that shut down in 1836. It was this huge centralization of financial power. People did not like that. That was part of the reason it took so long.

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