File:Delaware Bridge Company Dollar.jpg

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Delaware_Bridge_Company_Dollar.jpg (640 × 295 pixels, file size: 47 KB, MIME type: image/jpeg)

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English: From the American currency exhibit at the Federal Reserve Bank of San Francisco.

Between 1837 and 1866, a period known as the "Free Banking Era," lax federal and state banking laws permitted virtually anyone to open a bank and issue currency. Paper money was issued by states, cities, counties, private banks, railroads, stores, churches, and individuals. By 1860, an estimated 8,000 different state banks were circulating what were sometimes called "wildcat" or "broken" bank notes.

The term "wildcat bank" referred to the remote locations of some banks, more accessible to wildcats than people. When a bank "went broke," the currency they issued became worthless. The era ended with the passing of the National Bank Act of 1863.
Source http://www.frbsf.org/currency/expansion/transp/s60.html
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This work is in the public domain in the United States because it is a work prepared by an officer or employee of the United States Government as part of that person’s official duties under the terms of Title 17, Chapter 1, Section 105 of the US Code. Note: This only applies to original works of the Federal Government and not to the work of any individual U.S. state, territory, commonwealth, county, municipality, or any other subdivision. This template also does not apply to postage stamp designs published by the United States Postal Service since 1978. (See § 313.6(C)(1) of Compendium of U.S. Copyright Office Practices). It also does not apply to certain US coins; see The US Mint Terms of Use.
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current21:23, 22 July 2005Thumbnail for version as of 21:23, 22 July 2005640 × 295 (47 KB)ArpadGabor (talk | contribs){{PD-USGov}} From the American currency exhibit at the Federal Reserve Bank of San Francisco. ''Between 1837 and 1866, a period known as the "Free Banking Era," lax federal and state banking laws permitted virtually anyone to open a bank and issue c

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