CHAPTER 8.
BANKING IN THE UNITED STATES BEFORE 1914 Sec.1.The First and Second Banks of the United States.Sec.2.

Banking from 1836 to 1863.Sec.3.National Banking Associations, 1863-1913.
Sec.4.Defects of our banking organization before 1913.Sec.5.Lack of system.Sec.6.Inelasticity of credit.Sec.7.Periodical local congestion of funds.Sec.8.Unequal territorial distribution of banking facilities.
Sec.9.Lack of provision for foreign financial operations.Sec.10.

The "Aldrich plan." Sec.1.

#The First and Second banks of the United States.# A knowledge of the history of banking is helpful to an understanding of the present banking system in our country.

The form of our present banking system has been affected by various economic and political events which will be sketched here in broad outline to give a background for our present study.
Alexander Hamilton, the great first Secretary of the Treasury in Washington's cabinet, advocated the charter of a central national bank as one portion of his larger plan of national financiering.