Question

*PLEASE ANSWER* *I DONT GET IT PLEASE!!!*

By the end of the nineteenth century, the United States banking system transitioned from?

A.) a centralized system of state banks to a centralized system of national banks

B.) a centralized system of state and national banks to a decentralized system of state banks.

C.) a decentralized system of national banks to a centralized system of state banks.

D.) a decentralized system of national banks to a centralized system of state banks.

Answer 1

Answer:

Explanation:

In 1791, U.S. Treasury Secretary Alexander Hamilton created the Bank of the United States, a national bank meant to maintain American taxes and pay off foreign debt. ... In 1863, the National Bank Act was passed to create a national currency, a federal banking system, and make public loans.