Category: History of Money

Feb 14 2009

Installment 3 – History of USA Free Banking 1800s

The other and more important new development was free banking. By action of the state legislatures of bank was held to be not a corporation, which then and for many years required a special charter from the state, but a voluntary association of individuals and thus, like blacksmithing or rope making, open to anyone.

Feb 14 2009

History of United States Currency (1800s) Installment 1

More on the history of United States banking and currency here. This is a many part series on the history of United States currency, markets, banks, and industrialization.

Feb 13 2009

Installment 2 – History of USA Money 1800s

It was an arrangement which reputable bankers and merchants in the East viewed with extreme distaste. Yet for them it was not intolerable. They had good money in which to do business with each other and with foreigners.

Feb 09 2009

History of Paper Money (the French assignats)

In the last century few things more consistently troubled the conservative mind than the fear of paper money. No doubt this was primarily a matter of pecuniary interest – the fear of the creditor that he would be paid off in

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