In addition, because a bank charter promised monopoly profits, bank promoters were willing to pay handsomely for the privilege and legislators apparently eagerly accepted payment, often in the form of allocations of bank stock at below-market prices. If free banking was not actually as free as commonly perceived, it also was not nearly as unstable.
Since today's topic is related to the role of the banking sector in the country's economic development, I would like to emphasize the fact that the greatest support to these sectors of the economy, but also to the other sectors with the greatest potential to generate economic growth, is indispensable in order to have a more sustainable economic development.