Explore a 19th‑century argument for reforming usury laws and stabilizing money in a changing economy.
This authoritative address by James Gallatin examines how interest limits shaped trade, banking, and everyday borrowing, offering historical context and a call for repeal in a modern monetary system. The work surveys old laws, currency reform, and the impact on workers and lenders alike, presenting a clear stance on financial policy in America.
This edition presents a detailed, accessible discussion of:
- The historical debate over interest rates and the role of usury laws.
- How banking practices and currency reforms influenced prices, trade, and security for property.
- Comparisons between ancient, medieval, and modern approaches to lending and money.
- The case for repealing restrictive laws to prevent capital shortages during emergencies.
Ideal for readers of economic history, monetary policy, and 19th‑century public discourse.