Exploring the caliber of several monies isn't going to deny money's quantifiable and instrumental features but moves further than them; it suggests incredibly different theoretical and empirical questions from Those people derived from the purely economic model of sector money. Actually, a utilitarian theory of money had a straightforward endeavor:

In the event the Civil War commenced, the sole forex in America was gold and silver coins, and also the paper money issued by state and personal banking companies. Gold and silver money was identified as "specie." Silver was employed just for small-denominations cash. A lot of people believed that only specie was real money, and distrusted paper mo

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