Introduction to American Government
Introduction to American Government
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In our eReader you can find the full English version of the book. Read Introduction to American Government Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Introduction to American Government
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Mainly to facilitate the sale of government bonds on favorable Jf^J^^ terms during the Civil War, our present system of national banks J^J^f^JJ^ was created by act of Congress in 1863. Before that, the govern- 555^.183^ ment had established two great banking institutions, each operat- ing under a charter granted by an act of Congress, in 1791 and 1816 respectively, for a period of twenty years. Each of these banks assisted the government in collecting national revenues, served as a depository o...f public f unds^ loaned money to the gov- ernment from time to time, and was empowered to issue bank notes which served as paper money. The history of the first of these banks was comparatively uneventful. The career of the second one was, however, marked by grave mismanagement in earlier years, and only after reorganization and under new man- agement did the institution enter upon a period of confidence and success.* Even at that, long before its charter expired, it incurred the hostility of rival state banks, which successfully played upon the widespread prejudice then existing against corporations of all kinds, and the question of renewing the bank's charter became the leading issue in the presidential campaign of 1832.
What to read after Introduction to American Government?
You can find similar books in the "Read Also" column, or choose other free books by Ogg Frederic Austin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mainly to facilitate the sale of government bonds on favorable Jf^J^^ terms during the Civil War, our present system of national banks J^J^f^JJ^ was created by act of Congress in 1863. Before that, the govern- 555^.183^ ment had established two great banking institutions, each operat- ing under a charter granted by an act of Congress, in 1791 and 1816 respectively, for a period of twenty years. Each of these banks assisted the government in collecting national revenues, served as a depository o...f public f unds^ loaned money to the gov- ernment from time to time, and was empowered to issue bank notes which served as paper money. The history of the first of these banks was comparatively uneventful. The career of the second one was, however, marked by grave mismanagement in earlier years, and only after reorganization and under new man- agement did the institution enter upon a period of confidence and success.* Even at that, long before its charter expired, it incurred the hostility of rival state banks, which successfully played upon the widespread prejudice then existing against corporations of all kinds, and the question of renewing the bank's charter became the leading issue in the presidential campaign of 1832.
What to read after Introduction to American Government?
You can find similar books in the "Read Also" column, or choose other free books by Ogg Frederic Austin to read onlineMoreLess
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