Easy money : American Puritans and the invention of modern currency
Author(s)
Bibliographic Information
Easy money : American Puritans and the invention of modern currency
（Markets and governments in economic history）
University of Chicago Press, 2023
- : cloth
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Note
Includes bibliographical references (p. [309]-331) and index
Description and Table of Contents
Description
A sweeping history of the American invention of modern money.
Economists endlessly debate the nature of legal tender monetary systems—coins and bills issued by a government or other authority. Yet the origins of these currencies have received little attention.
Dror Goldberg tells the story of modern money in North America through the Massachusetts colony during the seventeenth century. As the young settlement transitioned to self-governance and its economy grew, the need to formalize a smooth exchange emerged. Printing local money followed.
Easy Money illustrates how colonists invented contemporary currency by shifting its foundation from intrinsically valuable goods—such as silver—to the taxation of the state. Goldberg traces how this structure grew into a worldwide system in which, monetarily, we are all Massachusetts. Weaving economics, law, and American history, Easy Money is a new touchstone in the story of monetary systems.
Table of Contents
Preface
Part I. Introductions
Chapter 1. Introduction to the Book
Chapter 2. Money and Its Inventions: Theoretical Considerations
Chapter 3. England in the Late Sixteenth Century
Chapter 4. English Developments, 1584–1692
Part II. The Atlantic
Chapter 5. Before 1630: Harvesters of Money
Chapter 6. The Puritan Exodus, 1629–1640: General Features
Chapter 7. Massachusetts Takes the Monetary Lead, 1630–1640
Chapter 8. A New Hope, 1640–1660
Chapter 9. The Empire Strikes Back, 1660–1686
Chapter 10. Governments and Paper Money Projects, 1685–1689
Chapter 11. The Massachusetts Legislator: The Case of Elisha Hutchinson
Chapter 12. The Return of the General Court, 1689–1690
Summary of Part II
Part III. A Monetary Revolution
Chapter 13. The Legal Tender Law, 1690
Chapter 14. Aftermath, 1691–1692
Chapter 15. Back to England’s Financial Revolution, 1692–1700
Chapter 16. Analysis
Chapter 17. Conclusion
Notes
References
Index
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