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The History of US Economics

The Free Banking Era


In the years before the Panics of 1837 and 1839, the US economy experienced an economic system remembered as the Free Banking Era. It was a time when the Jacksonian Deomcrats, and their Laissez Faire ideals were in power. How did the economy perform when the federal government decided it would go hands-off in terms of economic regulation? Listen in to find out.

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