https://padlet.com/ramirezjad/nrm9ph9fpl9l en-us 2019-05-09 16:32:05 UTC 2019-05-13 18:27:43 UTC hello@padlet.com https://padlet.net/icons/png/1f947.png ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/358566127 Before the Civil War banks were very informal but not at all trustworthy, merchants managed it and they would keep it safe for a fee. Although it was flawed because if the merchants went out of business the person's money will be lost along with the business, scams were also common. ]]> 2019-05-09 16:36:50 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/358566127 ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359608673 The First Bank of the United States stored the money that government collected in taxes. They also issued bank notes, and were responsible for Gold and Silver exchange. ]]> 2019-05-13 18:05:16 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359608673 ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359610781 This bank was created to eliminate the financial chaos that has been occurring throughout the country. The 2nd Bank was established in 1816 and it slowly rebuilds the public's confidence.  ]]> 2019-05-13 18:09:06 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359610781 ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359612583 The Free Banking Era cause many problems for the American people. It triggered state-charted banks which were controlled by the state. Also, all this chaos lead to the Wildcat Era which increased fraud and corruption. ]]> 2019-05-13 18:12:38 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359612583 ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359616365 It was developed in the 1870s and it made paper money and coins as valuable as gold. With this new law, it made currency finally stable. ]]> 2019-05-13 18:20:08 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359616365 ramirezjad https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359617614 Two themes that I found were that there was a lot of issues with currency and that there were a lot of failures leading up to a stable system. This caused a lot of confusion, issues, and lack of trust between the banks and people. ]]> 2019-05-13 18:22:57 UTC https://padlet.com/ramirezjad/nrm9ph9fpl9l/wish/359617614