A History of American Currency

Front Cover
Cosimo, Inc., Mar 1, 2005 - Business & Economics - 408 pages
0 Reviews
A fascinating but often overlooked topic is the establishment of currency in a new nation. The process involves not only a host of unknown and complicated political factors, but also economics and the culture of the new nation. In A History of American Currency, Yale Professor William G. Sumner examines the development of the monetary system in the United States, from the colonial era through the Civil War. He noted that the earliest British settlers brought with them virtually no money; the English government wouldn't allow it, and the Puritans had little or no use for it. Gradually, the settlers traded wampumpeag with their Native American neighbors, and eventually currency was developed to pay soldiers, finance expeditions, and trade with other nations. Sumner also covers the English Bank Restriction of 1797, the Bullion Report of 1810, and the development of Austrian paper money.WILLIAM GRAHAM SUMNER was a professor of political and social science at Yale University and became known as a Social Darwinist and advocate of the laissez faire principle in economics. Besides writing a number of books on sociology, history, and economics, he was also influential in the movement to modernize the American university system.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Contents

Section 1
1
Section 2
10
Section 3
11
Section 4
18
Section 5
38
Section 6
40
Section 7
43
Section 8
60
Section 21
203
Section 22
209
Section 23
214
Section 24
225
Section 25
228
Section 26
229
Section 27
229
Section 28
235

Section 9
63
Section 10
74
Section 11
114
Section 12
120
Section 13
121
Section 14
132
Section 15
143
Section 16
168
Section 17
169
Section 18
177
Section 19
181
Section 20
182
Section 29
239
Section 30
249
Section 31
260
Section 32
290
Section 33
298
Section 34
309
Section 35
311
Section 36
325
Section 37
335
Section 38
384
Section 39
392
Copyright

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

Bibliographic information