Money and Monetary Problems in Early North Carolina

Résumé du livre

This short book presents a summary review of North Carolina's monetary history during the colonial period, the Revolution, and the Confederation. The author demonstrates a thorough understanding of the wide range of factors and considerations that shaped monetary policy during the period and the consequences thereof. An ongoing theme is the limited set of fiscal options available under early economic conditions. Also explored are the colonists' efforts to cope with shortage of currency and coins by issuing paper currency, notes, and other forms of credit to transact local day-to-day business and to finance provincial and state government.