History Of American Currency

""A History of American Currency"" by William Graham Sumner is a comprehensive account of the evolution of American currency from colonial times to the late 19th century. The book is divided into four parts, each focusing on a distinct period of American monetary history. Part one covers the colonial period and the introduction of paper money in the colonies. Part two discusses the establishment of the First Bank of the United States and the controversies surrounding its creation. Part three covers the Second Bank of the United States and its eventual demise. Finally, part four covers the period of ""free banking"" in the mid-19th century and the eventual establishment of the National Banking System. In addition to its focus on American currency, the book also includes chapters on the English Bank Restriction and Austrian paper money, providing a broader context for the evolution of American monetary policy. Sumner's writing is clear and concise, making the book accessible to readers with a range of backgrounds and interests in economics and history. Overall, ""A History of American Currency"" is a valuable resource for anyone interested in the history of American finance and the development of monetary policy in the United States.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.