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THE COLONIAL PERIOD
REVOLUTION AND CONFEDERATION
A NEW CONSTITUTION AND A NEW ERA IN FINANCE 17891811
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American amount bank notes Bank of England bankers became bills Board bonds borrowing canal capital certificates charter circulation coinage coins colonies commercial banks Committee Congress Continental Congress corporations cost currency debt declined demand deposits discount duties early economic England exchange expenditures expenses exports farm farmers federal government Federal Reserve Federal Reserve Board Federal Reserve system foreign funds Gold Standard Act greenbacks House important income tax increased industrial inflation interest rates internal investment investors issues J. P. Morgan legal tender legislation levied loans Massachusetts member banks million dollars monetary money market national banks obligations operations paid paper money Pennsylvania percent period poll tax President production profits purchase railroad raised reduced Reserve banks reserve requirements Reserve system resumption revenue Secretary securities Senate silver spite surplus tariff tion trade Treasury United York banks