Why did the United States banking system need to be reformed in the early 1900

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Cherish Webb

History

6 March, 17:18

Why did the United States banking system need to be reformed in the early 1900

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Lillian · Answer 1

The main reason why the United States banking system needed to be reformed in the early 1900s was because many banks and large business had become corrupt, and were monopolizing and colluding with each other--making it unfair for the consumer.