Memories of the Men Who Saved the Union
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In our eReader you can find the full English version of the book. Read Memories of the Men Who Saved the Union Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Memories of the Men Who Saved the Union
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It took the iron-bound oath of allegiance at all hours. It made speeches of much sound, if not eloquence, urging men to volunteer, but no man brought out his hoarded gold to aid the struggling Government in its hour of peril.
The able Secretary lost no time in appeals to the Shylocks. He turned to the noble, patriotic people, who were wheeling into line to the roll of the drums, for the credit he needed, and issued the greenback.
A history of this transaction is curiously illustrative of the tw...o men, Lincoln and Chase, concerned therein.
Of course the idea of issuing money directly by the Government to meet an emergency was as old as governments themselves. But Amasa Walker, a distinguished financier of New England, had a thought that was new. He suggested that the notes Salmon P. Chase. 107 thus issued directly from the Government to the peo- ple as currency should bear interest. This for the purpose not only of making- the notes popular, but for the purpose of preventing- inflation by inducing people to hoard the notes as an investment when the demands of trade failed to call them into circula- tion as a currency.
What to read after Memories of the Men Who Saved the Union?
You can find similar books in the "Read Also" column, or choose other free books by Donn Piatt to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It took the iron-bound oath of allegiance at all hours. It made speeches of much sound, if not eloquence, urging men to volunteer, but no man brought out his hoarded gold to aid the struggling Government in its hour of peril.
The able Secretary lost no time in appeals to the Shylocks. He turned to the noble, patriotic people, who were wheeling into line to the roll of the drums, for the credit he needed, and issued the greenback.
A history of this transaction is curiously illustrative of the tw...o men, Lincoln and Chase, concerned therein.
Of course the idea of issuing money directly by the Government to meet an emergency was as old as governments themselves. But Amasa Walker, a distinguished financier of New England, had a thought that was new. He suggested that the notes Salmon P. Chase. 107 thus issued directly from the Government to the peo- ple as currency should bear interest. This for the purpose not only of making- the notes popular, but for the purpose of preventing- inflation by inducing people to hoard the notes as an investment when the demands of trade failed to call them into circula- tion as a currency.
What to read after Memories of the Men Who Saved the Union?
You can find similar books in the "Read Also" column, or choose other free books by Donn Piatt to read onlineMoreLess
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