Industry WIKI
Digital assets and currencies
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Forstall system
The Forstall System was an American banking system developed by Edmund Jean Forstall in 1842 and used until the end of the Civil War. After the Panic of 1837, banks underwent two main reformations. New York adapted a free banking system while Louisiana set up a banking system with specie reserve requirements. The Forstall System propelled Louisiana to economic maturity with its sound and
BankingNational Bank Note
National Bank Notes were United States currency banknotes issued by national banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury. In addition, banks were required to maintain a redemption fund amounting to five percent of any outstanding note balance, in gold or "lawful money." The notes
Fiat currenciesTreasury Note (1890–1891)
The Treasury Note (also known as a Coin Note) was a type of representative money issued by the United States government from 1890 until 1893 under authority of the Sherman Silver Purchase Act in denominations of $1, $2, $5, $10, $20, $50, $100 and $1,000. It was issued in two series: an 1890 series with $1, $2, $5, $10, $20, $100 and $1,000 denominations, and an 1891 series that added t