Economics 24: Competing Philosophies...
References on Financial Panics
and National Currency
1. Time line of US Business Cycles

2. 1837-41, 1857-58: Financial Panics affecting Chicago, from the Chicago Public Library

3. The Suffolk Bank and the Panic of 1837, by Arthur J. Rolnick, Bruce D. Smith, Warren E. Weber.    Federal Reserve Bank of Minneapolis Quarterly Review Vol. 24, No. 2, Spring 2000, pp. 3–13

Abstract: The Suffolk Bank in Boston is well known as having been the clearinghouse for virtually all the banknotes that circulated in New England between 1836 and 1858. An examination of 19th century bank balance sheets shows that during and after the U.S. banking Panic of 1837, this private commercial bank also provided some services that today are provided by central banks. These include lending reserves to other banks (providing a discount window) and keeping the payments system operating. Because of Suffolk’s activities, banks in New England fared better than banks elsewhere during the Panic of 1837. And after the panic, when much of the United States suffered a prolonged economic slowdown, New England fared better than the rest of the country, at least partly because of Suffolk’s central bank–like activities.

4. Frequently Asked Questions About United States Paper Currency (and answers) from the U.S. Department of the Treasury.

5. Repeal of the 1933 Glass-Steagall Act.  (Search in Proquest)  "Congress Passes Wide-Ranging Bill Easing Bank Laws," New York Times; New York; Nov 5, 1999; Stephen Labaton.

6. Dawn's Virtual Currency Collection: Online Gallery of US Paper Currency; over 300 examples, by type, denomination, image, date, etc.

7. National Currency Act of 1864


As you proceed below this line, refer to the U.C. Berkeley tutorial on "Evaluating Web Pages".  These pages all have a definite point of view.

8. Here are some sites maintained by present-day "Gold Bugs",  Libertarians, and others:

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