Why is the banking system before the Civil War considered to be decentralized?

all of the following apply except for (a. excessive credit on real estate resulting in defaulted loans.

in 1819, panic swept the country due,in part, to the rapid expansion of american manufacturing during the war of 1812 and the distress caused by the post-war british competition. the rapid expansion of american farming was another factor.

explanation:

to make world peace not vileonce with fist but words

hey depneidng on the rooselvet your talking about theres 2 options either the new deal or the social welfare project hope this