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- Wildcat banking was the issuance of paper currency in the United States by poorly capitalized state-chartered banks. These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system. States granted banking charters readily and applied regulations ineffectively, if at all. Bank closures and outright scams regularly occurred, leaving people with worthless money. Operating in remote locations with limited or absent financial infrastructure, wildcat banks supplied a medium of exchange in the form of bearer notes that they issued on their own credit. These notes were formally redeemable in specie (i.e. gold or silver coins) but typically collateralized by other assets such as government bonds or real estate notes, or occasionally by nothing at all. Hence they carried a risk that the bank could not redeem them on demand. (en)
- Wild cat banking (eller wildcat banking) var ett begrepp i USA under perioden med så kallad free banking, det vill säga då de inte hade någon centralbank och i stort sett vem som helst kunde ge ut pengar. Det finns många anekdoter kring den här perioden, om hur mängder av värdelösa sedlar trycktes upp och lurades på godtrogna individer. På svenska känner vi till vildkattsbanksfenomenet från Vilhelm Mobergs utvandrarepos. (sv)
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- A Democratic Party activist dressed as Andrew Jackson during the 1835 Michigan gubernatorial election, under a banner that reads: "No monopoly! Regular Democratic nomination! For governor Stevens Mason." (en)
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- Jacksonian Democrats in Michigan advocated for free banking rather than a state monopoly. (en)
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- Wild cat banking (eller wildcat banking) var ett begrepp i USA under perioden med så kallad free banking, det vill säga då de inte hade någon centralbank och i stort sett vem som helst kunde ge ut pengar. Det finns många anekdoter kring den här perioden, om hur mängder av värdelösa sedlar trycktes upp och lurades på godtrogna individer. På svenska känner vi till vildkattsbanksfenomenet från Vilhelm Mobergs utvandrarepos. (sv)
- Wildcat banking was the issuance of paper currency in the United States by poorly capitalized state-chartered banks. These wildcat banks existed alongside more stable state banks during the Free Banking Era from 1836 to 1865, when the country had no national banking system. States granted banking charters readily and applied regulations ineffectively, if at all. Bank closures and outright scams regularly occurred, leaving people with worthless money. (en)
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- Wildcat banking (en)
- Wild cat banking (sv)
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