The Culture of Money in Early America – Daniel Johnson

Money regularly stood at the center of popular politics in British America. A dearth of currency in England’s colonies led provincial governments to experiment with paper money beginning in the 1690s, and by the middle of the eighteenth century numerous local currencies circulated throughout the Americas. Monetary policy was a regular source of public debate, as colonial newspapers and pamphlets featured arguments over credit relations, the nature of value, and…