A sweeping history of the American invention of modern money.
Economists endlessly debate the nature of legal tender monetary
systems—coins and bills issued by a government or other authority.
Yet the origins of these currencies have received little attention.
Dror Goldberg tells the story of modern money in North America through
the Massachusetts colony during the seventeenth century. As the young
settlement transitioned to self-governance and its economy grew, the
need to formalize a smooth exchange emerged. Printing local money
followed. Easy Money illustrates how colonists invented contemporary
currency by shifting its foundation from intrinsically valuable
goods—such as silver—to the taxation of the state. Goldberg traces
how this structure grew into a worldwide system in which, monetarily,
we are all Massachusetts. Weaving economics, law, and American
history, Easy Money is a new touchstone in the story of monetary
systems.
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American Puritans and the Invention of Modern Currency
Produktdetaljer
ISBN
9780226825113
Publisert
2023
Utgiver
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter