Mind-blowing: Banks Once Printed Their Own Money Until 1913!

In a surprising twist from the annals of U.S. banking history, individual banks once had the authority to print their own currency. This financial free-for-all persisted until the establishment of the Federal Reserve in 1913. Imagine a world where each banknote had its unique design, stemming from its parent bank! This fascinating chapter in American finance showcases the evolutionary strides our monetary system has taken over the years.

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