Free Banking Era in the United States (1837-1863). Capitalism with decentralised finance

During 26 years, the United States lived through a period when banks had no supervision nor a central bank conducting monetary policy. This period saw the biggest ever increase in new banking firms and most importantly, decentralised finance with private banks issuing their own notes. But why did all end? What trigger pushed society to embrace a unique monopolistic financial institution conducting monetary policy for once and for all? Welcome to Wildcat Banking. @learneconomics2021 Instagram: @iamLearnEconomics Twitter: @LearnEconomics1 #FreeBanking #Finance #FederalReserve #CentralBank #DecentralisedFinance #bankingregulation Audio edition: Jorge Peñaranda Berlin Instagram: @jorgeberlin_