Good Money: Birmingham Button Makers, The Royal Mint, And The Beginnings of Modern Coinage, 1775-1821 - Couverture rigide

Selgin, George

 
9780472116317: Good Money: Birmingham Button Makers, The Royal Mint, And The Beginnings of Modern Coinage, 1775-1821

Synopsis

This book looks at private enterprise and the foundation of modern coinage."Good Money" tells the fascinating story of British manufacturers' challenge to the Crown's monopoly on coinage. In the 1780s, when the Industrial Revolution was gathering momentum, the Royal Mint failed to produce enough small-denomination coinage for factory owners to pay their workers. As the currency shortage threatened to derail industrial progress, manufacturers began to mint custom-made coins, called 'tradesman's tokens'. Rapidly gaining wide acceptance, these tokens served as the nation's most popular currency for wages and retail sales until 1821, when the Crown outlawed all moneys except its own.Historian George Selgin presents a lively tale of enterprising manufacturers, technological innovations, and struggles over the right to coin legal money.

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À propos de l'auteur

George Selgin is Professor of Economics in the Terry College of Business at the University of Georgia.

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Autres éditions populaires du même titre

9781598130430: Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775–1821

Edition présentée

ISBN 10 :  1598130439 ISBN 13 :  9781598130430
Editeur : Independent Institute, 2011
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