What Did the National Bank Act of 1863 Do

question 100

Multiple Choice

What did the National Bank Act of 1863 do?

• A) It created a national bank in each Confederate state.
• B) It established criteria by which a bank could get a federal charter and issue national bank notes.
• C) It declared that it was a conflict of interest, and therefore illegal, for federally chartered banks to purchase federal war bonds.
• D) It tied the value of Confederate currency to the price of cotton on the European market.
• E) It took the Union off the gold standard.

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