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True or False: By 1848, the federal government no longer controlled the monetary system of the United States. As a result, banks issued their own
True or False: By 1848, the federal government no longer controlled the monetary system of the United States. As a result, banks issued their own currency (over 50,000 separately denominated bills in circulation) based on the amount of gold or silver in their vaults. Consequently, the 1850's experienced America's most rapid period of economic growth because of a national de-politicization of the economy
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