Abstract
This chapter describes the payments system that existed in the US between 1900 and the beginning of World War I. The discussions cover the gold standard; Treasury money; bank money; the problem of an inelastic currency; the Aldric–Vreeland Act of May 20, 1908; and the Federal Reserve Act and Federal Reserve money.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have