- Mar 16, 2016
The real problem with the northern states is the banks were extremely sound and were driving the unbacked currencies out by buying them up and redeeming them.
By Carole E. Scott
The following article was written in 2016 to provide additional material for a 2000 B>Quest article about antebellum banking in the South. Scott is the editor of B>Quest, 1996-2016
Throughout the nation before the Civil War the appropriate role—if any—and structure of banking was a major political issue. Banking in Georgia was embroiled in struggles between agricultural and commercial interests and between the less developed up country and the low country.
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