During the Civil War the Arkansas legislature funded their expenditures primarily through interest-bearing warrants and war bonds. After these issues were made legal tender in November 1861, the discount attributed to them disappeared immediately and they began to circulate widely. By mid- 1862...

The paper examines some aspects of the monetary controversies which took place in several countries during the nineteenth century. In Brazil, advocates of the gold standard and monetary restraint, known as "metalistas", prevailed over "papelistas", whose major desire was monetary expansion and...