by William Harvey 1894
The Coinage Act of 1873, popularly known as the 'Crime of 1873' destroyed America's economy with deflation through the demonetization of silver, by allowing holders of civil war debt to demand repayment only in gold coin, when there was not enough gold above ground to make the payments.
Coin's Financial School is the lost gem of monetarism.
Enjoy Coin's Financial School with all original illustrations as it first appeared in 1894.
Monday, April 16, 2007
Have you ever heard how all the gold in the world could fit inside the wheat pit at the Chicago Board of Trade?