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The currency-related events between 1865 to 1900 included the suspension of specie payments by state banks during wartime and the subsequent need for a new national bank to stabilize the economy.
Currency-related events in 1865 to 1900: During this period, there were significant occurrences related to currency and finance. One key event was the suspension of specie payments by state banks during wartime, leading to the issuance of excess currency and concerns about its value. This situation prompted the establishment of a new national bank to address economic uncertainties.
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