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Author: Joshua R. Greenberg
Publisher: University of Pennsylvania Press
ISBN: 0812252241
Category : History
Languages : en
Pages : 256
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Book Description
The colorful history of paper money before the Civil War Before Civil War greenbacks and a national bank network established a uniform federal currency in the United States, the proliferation of loosely regulated banks saturated the early American republic with upwards of 10,000 unique and legal bank notes. This number does not even include the plethora of counterfeit bills and the countless shinplasters of questionable legality issued by unregulated merchants, firms, and municipalities. Adding to the chaos was the idiosyncratic method for negotiating their value, an often manipulative face-to-face discussion consciously separated from any haggling over the price of the work, goods, or services for sale. In Bank Notes and Shinplasters, Joshua R. Greenberg shows how ordinary Americans accumulated and wielded the financial knowledge required to navigate interpersonal bank note transactions. Locating evidence of Americans grappling with their money in fiction, correspondence, newspapers, printed ephemera, government documents, legal cases, and even on the money itself, Greenberg argues Americans, by necessity, developed the ability to analyze the value of paper financial instruments, assess the strength of banking institutions, and even track legislative changes that might alter the rules of currency circulation. In his examination of the doodles, calculations, political screeds, and commercial stamps that ended up on bank bills, he connects the material culture of cash to financial, political, and intellectual history. The book demonstrates that the shift from state-regulated banks and private shinplaster producers to federally authorized paper money in the Civil War era led to the erasure of the skill, knowledge, and lived experience with banking that informed debates over economic policy. The end result, Greenberg writes, has been a diminished public understanding of how currency and the financial sector operate in our contemporary era, from the 2008 recession to the rise of Bitcoin.
Author: Joshua R. Greenberg
Publisher: University of Pennsylvania Press
ISBN: 0812252241
Category : History
Languages : en
Pages : 256
Get Book Here
Book Description
The colorful history of paper money before the Civil War Before Civil War greenbacks and a national bank network established a uniform federal currency in the United States, the proliferation of loosely regulated banks saturated the early American republic with upwards of 10,000 unique and legal bank notes. This number does not even include the plethora of counterfeit bills and the countless shinplasters of questionable legality issued by unregulated merchants, firms, and municipalities. Adding to the chaos was the idiosyncratic method for negotiating their value, an often manipulative face-to-face discussion consciously separated from any haggling over the price of the work, goods, or services for sale. In Bank Notes and Shinplasters, Joshua R. Greenberg shows how ordinary Americans accumulated and wielded the financial knowledge required to navigate interpersonal bank note transactions. Locating evidence of Americans grappling with their money in fiction, correspondence, newspapers, printed ephemera, government documents, legal cases, and even on the money itself, Greenberg argues Americans, by necessity, developed the ability to analyze the value of paper financial instruments, assess the strength of banking institutions, and even track legislative changes that might alter the rules of currency circulation. In his examination of the doodles, calculations, political screeds, and commercial stamps that ended up on bank bills, he connects the material culture of cash to financial, political, and intellectual history. The book demonstrates that the shift from state-regulated banks and private shinplaster producers to federally authorized paper money in the Civil War era led to the erasure of the skill, knowledge, and lived experience with banking that informed debates over economic policy. The end result, Greenberg writes, has been a diminished public understanding of how currency and the financial sector operate in our contemporary era, from the 2008 recession to the rise of Bitcoin.
Author: Stephen Mihm
Publisher: Harvard University Press
ISBN: 0674041011
Category : History
Languages : en
Pages : 470
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Book Description
Prior to the Civil War, the United States did not have a single, national currency. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. Their success, Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by freewheeling capitalism and little government control. Mihm shows how eventually the older monetary system was dismantled, along with the counterfeit economy it sustained.
Author: Sharon Ann Murphy
Publisher: Johns Hopkins University Press
ISBN: 1421421755
Category : History
Languages : en
Pages : 207
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Book Description
How the contentious world of nineteenth-century banking shaped the United States. Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies—worth something . . . or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok—unregulated, exuberant, and heading pell-mell toward the next “panic” of burst bubbles and hard times. In Other People’s Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson’s role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking—including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis—Other People’s Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.
Author: Kristopher Maulden
Publisher: University of Missouri Press
ISBN: 0826274390
Category : History
Languages : en
Pages : 280
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Book Description
The Federalist Frontier traces the development of Federalist policies and the Federalist Party in the first three states of the Northwest Territory—Ohio, Indiana, and Illinois—from the nation’s first years until the rise of the Second Party System in the 1820s and 1830s. Relying on government records, private correspondence, and newspapers, Kristopher Maulden argues that Federalists originated many of the policies and institutions that helped the young United States government take a leading role in the American people’s expansion and settlement westward across the Appalachians. It was primarily they who placed the U.S. Army at the fore of the white westward movement, created and executed the institutions to survey and sell public lands, and advocated for transportation projects to aid commerce and further migration into the region. Ultimately, the relationship between government and settlers evolved as citizens raised their expectations of what the federal government should provide, and the region embraced transportation infrastructure and innovation in public education. Historians of early American politics will have a chance to read about Federalists in the Northwest, and they will see the early American state in action in fighting Indians, shaping settler understandings of space and social advancement, and influencing political ideals among the citizens. For historians of the early American West, Maulden’s work demonstrates that the origins of state-led expansion reach much further back in time than generally understood.
Author: Howard Bodenhorn
Publisher: Cambridge University Press
ISBN: 9780521669993
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Professor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.
Author: Brian P. Luskey
Publisher: University of Pennsylvania Press
ISBN: 0812246896
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
While elite merchants, financiers, shopkeepers, and customers were the most visible producers, consumers, and distributors of goods and capital in the nineteenth century, they were certainly not alone in shaping the economy. Lurking in the shadows of capitalism's past are those who made markets by navigating a range of new financial instruments, information systems, and modes of transactions: prostitutes, dealers in used goods, mock auctioneers, illegal slavers, traffickers in stolen horses, emigrant runners, pilfering dock workers, and other ordinary people who, through their transactions and lives, helped to make capitalism as much as it made them. Capitalism by Gaslight illuminates American economic history by emphasizing the significance of these markets and the cultural debates they provoked. These essays reveal that the rules of economic engagement were still being established in the nineteenth century: delineations between legal and illegal, moral and immoral, acceptable and unsuitable were far from clear. The contributors examine the fluid mobility and unstable value of people and goods, the shifting geographies and structures of commercial institutions, the blurred boundaries between legitimate and illegitimate economic activity, and the daily lives of men and women who participated creatively—and often subversively—in American commerce. With subjects ranging from women's studies and African American history to material and consumer culture, this compelling volume illustrates that when hidden forms of commerce are brought to light, they can become flashpoints revealing the tensions, fissures, and inequities inherent in capitalism itself. Contributors: Paul Erickson, Robert J. Gamble, Ellen Gruber Garvey, Corey Goettsch, Joshua R. Greenberg, Katie M. Hemphill, Craig B. Hollander, Brian P. Luskey, Will B. Mackintosh, Adam Mendelsohn, Brendan P. O'Malley, Michael D. Thompson, Wendy A. Woloson.
Author: George B. Tremmel
Publisher: McFarland
ISBN:
Category : Antiques & Collectibles
Languages : en
Pages : 208
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Book Description
Since shortly after the end of the Civil War, genuine Confederate paper money has been the subject of much research. While a number of publications are available today that describe and catalog the genuine currency, the availability of published information on its counterfeit counterpart is limited. What is available is somewhat incomplete, inaccurate and general in scope. This work is specifically concerned with the counterfeit currency that was produced and passed with genuine Confederate paper money during the Civil War years. The first part of the book is an historical narrative that discusses the events and people involved in the production and passing of counterfeit currency, and the countermeasures of the Confederate Treasury Department to protect its already weak medium of exchange from losing even more value. The second part of the book is an illustrated catalog that presents descriptions of all known examples of counterfeit Confederate currency. Over 180 illustrations are included and show most of the counterfeit notes. The appendix provides a brief, nontechnical explanation of the printing processes--relief printing, intaglio printing, and lithography--used in the mid-nineteenth century to manufacture counterfeit currency.
Author: Howard Hall Preston
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 484
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Book Description
Author: Pierre Penet
Publisher: Oxford University Press
ISBN: 0198866356
Category : Business & Economics
Languages : en
Pages : 371
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Book Description
Sovereign Debt Diplomacies revisits the meaning of sovereign debt in relation to colonial history and postcolonial developments.
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 514
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Book Description
