A History Of American Currency - Sumner, William Graham
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""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…mehr

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Produktbeschreibung
""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.
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Autorenporträt
William Graham Sumner was an American clergyman, social scientist, and a prominent figure in the development of sociology and economics. Born on October 30, 1840, in Paterson, New Jersey, he was educated at Yale University, University of Oxford, University of Geneva, and University of Göttingen. Sumner is best known for his role as a professor at Yale, where he held the nation's first chair in sociology. His influence on the discipline was profound, shaping the way social science was taught in the United States. As a leading advocate of neoclassical liberalism, he promoted the idea of individualism and minimal government intervention in social affairs. His philosophy emphasized that social classes were not obligated to support each other and critiqued welfare policies, viewing them as detrimental to both the wealthy and the poor. Sumner's ideas significantly influenced economists and social theorists like Thorstein Veblen and Irving Fisher. He passed away on April 12, 1910, in Englewood, New Jersey, leaving behind a legacy that continues to shape discussions around social policy and economic thought. Sumner's work, including his critique of social welfare, remains influential in debates about the role of government in society.