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Investments glossary

Wildcat Banking


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Quotes of the day:

Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

Wildcat banking refers to the banking industry in parts of the United States from 1837 to 1865, when banks were established in remote and inaccessible locations. During this period, banks were chartered by state law without any federal oversight. Less stringent regulations on the banking industry at the time led to this period, also being referred to as the Free Banking Era.

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