Money and the making of the American Revolution /
"In the eighteenth century, the American colonies -- rich in everything except precious metals -- traded in credit or recorded private debts in ledgers. This led to an empowering insight : money is what happens in those ledgers, a way to measure value, not the coins they lacked. But as the colo...
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| Format: | Book |
| Language: | English |
| Language Notes: | In English. |
| Published: |
Princeton, New Jersey :
Princeton University Press,
2025
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| Subjects: |
| Summary: | "In the eighteenth century, the American colonies -- rich in everything except precious metals -- traded in credit or recorded private debts in ledgers. This led to an empowering insight : money is what happens in those ledgers, a way to measure value, not the coins they lacked. But as the colonies grew and became hubs of trade, this colonial system ran afoul of transatlantic merchants who wouldn't sell to them unless they promised to pay in silver or gold, since according to British law, that is what money was. A divide arose between England and America, and as the use of money expanded, these differences became a radical, violently transformative force."--provided by publisher. |
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| Physical Description: | viii, 347 pages : illustrations ; 25 cm |
| Bibliography: | Includes bibliographical references (pages 283-331) and index. |
| ISBN: | 9780691200262 0691200262 |