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Effectus [21]
3 years ago
5

What were the main sources of confusion and problems with american banking between 1863 and 1907?

History
1 answer:
Rashid [163]3 years ago
7 0
Fools gold was confusing the market which lots of bankers got confused and ended up corrupting the banks.
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Cause: There was also some argument that the Native Americans may raid nearby plantations, causing many of the farmers to protest their presence. Eventually, president Andrew Jackson, decided to pass the Indian removal acts in 1830, which allowed him to move the Indians west. Since Andrew Jackson had grown up on a plantation where Indian raids were common, he had a negative view of them, saying that "they are inferior to whites". The president had very little problem with sending them away, and in 1838 put the trail of tears into action.

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