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The term '''Wildcat Bank''' refers to a particularly unsound and risky [[bank]] chartered under state law in the [[United States]]. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks' money. The debt, which hurt many people, eventually became a reason for the |
The term '''Wildcat Bank''' refers to a particularly unsound and risky [[bank]] chartered under state law in the [[United States]]. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks' money. The debt, which hurt many people, eventually became a reason for the [[Panic of 1857]]. |
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==See also== |
==See also== |
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Revision as of 03:01, 11 April 2007
The term Wildcat Bank refers to a particularly unsound and risky bank chartered under state law in the United States. They flourished after the national bank was decommissioned. Someone would start a bank in a small town, and when they acquired enough assets, they would up and leave town with the townsfolks' money. The debt, which hurt many people, eventually became a reason for the Panic of 1857.
See also
  | This article relating to the history of the United States is a stub. You can help Wikipedia by expanding it. |