I use denominational structure (the spacing and size of monetary units) to explain how the Continental Congress attempted to manage a successful common currency when sub-national political entities were allowed to have separate currencies and run independent monetary policies. Congress created a...

The transition of the U.S. money supply from the mixture of paper bills of credit, certificates, and foreign coins that circulated at various exchange rates with the British pound sterling during the colonial period to the unified dollar standard of the early national period was rapid and had...

The transition of the U.S. money supply from the mixture of paper bills of credit, certificates, and foreign coins that circulated at various exchange rates with the British pound sterling during the colonial period to the unified dollar standard of the early national period was rapid and had...

I use denominational structure (the spacing and size of monetary units) to explain how the Continental Congress attempted to manage a successful common currency when sub-national political entities were allowed to have separate currencies and run independent monetary policies. Congress created a...

This book brings together for the first time more than half a dozen proposals, including several which have never been studied before, to show how thinkers on empire drew on monetary thought and banking theory to address the financial, political and constitutional challenges of empire in the...

Frontmatter -- CONTENTS -- Preface -- Acknowledgments -- Introduction. The Political Economy of Currency Choice -- CHAPTER 1. A Theory of Currency Policy Preferences -- CHAPTER 2. The United States: From Greenbacks to Gold, 1862-79 -- CHAPTER 3. The United States: Silver Threats among the Gold,...