mass banking

Explain about twentieth century U.S. culture, how might this understanding of interest rates have affected how U.S. consumers behaved with their money?

Case: In the nineteenth century, U.S. consumers held on to store and business receipts, and many people carried account books, noting their credits and their debits. Banks, meanwhile, stored their information in large lined ledgers with handwritten numerical entries and calculations. Gradually, the paper industry found ways to make cheaper, better paper, and it became […]

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