Compare the National Banking Acts of 1863 with the chartering of the First and Second Banks of the United States. Specifically, address the motivations behind each and the impact that each had on 19th-century banking in the United States
The National Banking Acts of 1863 aimed to establish a national currency and create a system of national banks to stabilize the banking system and fund the Civil War. The First and Second Banks of the United States were created to regulate state banks and manage the country's finances. Both had a significant impact on 19th-century banking by increasing financial stability and providing a uniform currency, but the National Banking Acts had a more lasting impact by establishing a strong national banking system.
