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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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<p>[QUOTE="faceglider, post: 1581724, member: 32190"]Yes, I know. It scares me! I am particularly interested in the period that historians, that I have confronted, refer to as the 'Forgotten President Years' (1865 - 1901). I have been studying the impact that money in China had on Eurasia. My hypothetical hypothesis is basically this: Silver was hard to counterfeit. China had woodblock printing as far back as the Sung dynasty, I think (maybe in the Tang). Paper money was so interesting and new then, but it was soon realized that something had to back it. Also, it was easily counterfeited. Silver was hard to find, the government, or prefectures, could control it, and it was identifiable as authentic more easily than the paper currency. Anyway, Ughh. I pick big theses. Is there a comprehensive history of silver? Not that I know of.[/QUOTE]</p><p><br /></p>
[QUOTE="faceglider, post: 1581724, member: 32190"]Yes, I know. It scares me! I am particularly interested in the period that historians, that I have confronted, refer to as the 'Forgotten President Years' (1865 - 1901). I have been studying the impact that money in China had on Eurasia. My hypothetical hypothesis is basically this: Silver was hard to counterfeit. China had woodblock printing as far back as the Sung dynasty, I think (maybe in the Tang). Paper money was so interesting and new then, but it was soon realized that something had to back it. Also, it was easily counterfeited. Silver was hard to find, the government, or prefectures, could control it, and it was identifiable as authentic more easily than the paper currency. Anyway, Ughh. I pick big theses. Is there a comprehensive history of silver? Not that I know of.[/QUOTE]
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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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