These two measures, the absorption of the state banks, and the establishment of the system of national banks, taken in connection with the legal tender act, were the most important financial measures of the war, and, tested by time, have fully realized the anticipations and confident assurance of their authors.
John Sherman: “These two measures, the absorption of the state banks, and the establishment of the system of national banks, taken in…”
Editor's note · Context
Sherman identifies two key financial measures from the war that have proven successful over time.
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