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Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets / Farley Grubb.
- Format:
- Book
- Author/Creator:
- Grubb, Farley.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13974.
- NBER working paper series no. w13974
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Creating Maryland's Paper Money Economy, 1720-1739
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- The British North American colonies were the first western economies to rely on legislature-issued fiat paper money as their principal internal medium of exchange. This system arose piecemeal across the colonies making the paper money creation story for each colony unique. It was true monetary experimentation on a grand scale. The creation story for Maryland, perhaps the most unique among the colonies, is analyzed to evaluate how market forces, media influences, and the power of various constituents combined to shape its particular paper money system.
- Notes:
- Print version record
- May 2008.
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