Image:Delaware Bridge Company Dollar.jpg
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Delaware_Bridge_Company_Dollar.jpg (640 × 295 pixel, file size: 47 KB, MIME type: image/jpeg)
This image depicts a unit of currency issued by the United States of America. If this is an image of paper currency or a coin not listed here, it is solely a work of the United States Government, is ineligible for copyright, and is therefore in the public domain Certain coins contain copyrights licensed to the U.S. Mint and owned by third parties or assigned to and owned by the U.S. Mint [1]. For the United States Mint circulating coin design use policy, see [2]; for the policy on the 50 State Quarters, see [3]. For images of these coins, a fair use license template and rationale must be used. |
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.
http://www.frbsf.org/currency/expansion/transp/s60.html
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