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A History of American Currency (Dodo Press)

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9781409959939: A History of American Currency (Dodo Press)
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William Graham Sumner (1840-1910) was an American academic and professor at Yale College. For many years he had a reputation as one of the most influential teachers there. He was a polymath with numerous books and essays on American history, economic history, political theory, sociology, and anthropology. His popular essays gave him a wide audience for his laissezfaire advocacy of free markets, anti-imperialism, and the gold standard. He was president of the American Sociological Association from 1908 to 1909. As a sociologist, his major accomplishments were developing the concepts of diffusion, folkways, and ethnocentrism. He heavily criticized socialism/communism. His works include: What Social Classes Owe to Each Other (1883), The Forgotten Man and Other Essays (1883), Protectionism (1885) and Folkways (1907).

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From the Publisher:

This is an absorbing historical sketch of the history of American paper currency from the American colonies through the Civil War. Included are the development of some of the earlier major banks, as well as the financial crises of 1819 and 1825. A discussion of currency and tariffs as a political issue is included. The English Bank restriction of 1797 and the Bullion Report of 1810 are examined in detail in discussing the question of how to regulate convertible currency. A chapter on Austrian paper money is an interesting addition. An important glimpse of history to delight all economists, bankers, and historians.

About the Author:

WILLIAM GRAHAM SUMNER was a professor of political and social science at Yale University and became known as a Social Darwinist and advocate of the laissez faire principle in economics. Besides writing a number of books on sociology, history, and economics, he was also influential in the movement to modernize the American university system.

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