Paper Money, the Popular Press, and Morality in Late Eighteenth Century America

23 Pages Posted: 20 Jan 2008

See all articles by Marianne Johnson

Marianne Johnson

University of Wisconsin - Oshkosh - Department of Economics

Date Written: August 2007

Abstract

We examine central monetary policy issues as identified in the United States popular press circa 1787. Rather than a study of the functioning of the colonial monetary system, we consider the thinking about the monetary system. Of particular interest is the use of (pseudo) moral arguments for and against paper money, thus illustrating money as a social institution, requiring a process of "working out" social issues. The arguments, encased as they are in moral rhetoric, include the distrust of paper money, issues of the political integrity of the money, and intemperance and inchastity as encouraged by the use of paper money.

Keywords: History of Money, Early American Economy, Paper Money

JEL Classification: B1, E0

Suggested Citation

Johnson, Marianne, Paper Money, the Popular Press, and Morality in Late Eighteenth Century America (August 2007). Available at SSRN: https://ssrn.com/abstract=1085337 or http://dx.doi.org/10.2139/ssrn.1085337

Marianne Johnson (Contact Author)

University of Wisconsin - Oshkosh - Department of Economics ( email )

800 Algoma Blvd.
Oshkosh, WI 54901
United States
920-424-2230 (Phone)
920-424-1734 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
98
Abstract Views
1,067
rank
319,531
PlumX Metrics