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Evolution of American Banking From Colonial Currencies to Early Banks
The piece traces early banking concepts from colonial land backed money and barter systems to the rise of savings banks and the first modern banks. It notes the delay in widespread use of checks, emergence of safe deposit boxes in 1865, and the Bank of North America founded in 1781 with lending to the army. It underscores the blend of finance and nation-building in Revolutionary America.
MENTIONED IN THIS ARTICLE
England
Safe Deposit Company of
New York
Tese
Continental Congress
Bank of North America
Robert Morris
Washington
Franklin
Morris
United States
Banking
America