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Easy Money: American Puritans and the Invention of Modern Currency (Markets and Governments in Economic History) - Softcover

Buch 15 von 19: Markets and Governments in Economic History

Goldberg, Dror

 
9780226854434: Easy Money: American Puritans and the Invention of Modern Currency (Markets and Governments in Economic History)
Softcover
ISBN 10: 0226854434 ISBN 13: 9780226854434
Verlag: University of Chicago Press, 2026

Inhaltsangabe

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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Über die Autorin bzw. den Autor

Dror Goldberg is a senior faculty member in the Department of Management and Economics at the Open University of Israel.

Auszug. © Genehmigter Nachdruck. Alle Rechte vorbehalten.

"As most of the English nation gathered to celebrate Christmas Eve, the English subjects in Massachusetts were in no festive mood. For one thing, Puritans did not celebrate what they considered a pre-Christian holiday. More important, Massachusetts was broken—militarily, spiritually, morally, and financially. A large expedition sent to occupy French Quebec returned defeated. Previously confident of a divine victory against Catholics, the Puritan government declared in unprecedented despair: 'Our Father spit in our face.' The defeat implied there was no plunder—which was supposed to pay for the expedition. In an extremely cold winter, the smallpox-infested, mutinous soldiers and sailors demanded pay. A caretaker revolutionary government had nothing to offer them. It was the day before Christmas, and in order to pacify the troops, the chief Puritan colony gave birth to its own influential baby: modern currency."

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Verlag
University of Chicago Press
Erscheinungsdatum
2026
Sprache
Englisch
ISBN 10 
0226854434
ISBN 13 
9780226854434
Einband
Taschenbuch
Anzahl der Seiten
360
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