National Bank Act
The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks for banks, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury and authorized the Comptroller to examine and regulate nationally chartered banks. The legacy of the Act is its impact on the national banking system as it stands today and its support of a uniform U.S. banking policy.
Read more about National Bank Act: Background, Creation, Resurgence of State Banks, Legacy
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“But the creative person is subject to a different, higher law than mere national law. Whoever has to create a work, whoever has to bring about a discovery or deed which will further the cause of all of humanity, no longer has his home in his native land but rather in his work.”
—Stefan Zweig (18811942)
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—Henry David Thoreau (1817–1862)
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—Ralph Waldo Emerson (1803–1882)