A History of American Currency

The establishment of currency in a new nation involves complex political, economic, and cultural factors. In this exploration, William G. Sumner delves into the evolution of the U.S. monetary system from the colonial period to the Civil War. He highlights how early British settlers faced monetary challenges, relying on trade with Native Americans before developing a currency to support military and trade needs. Key historical events, such as the English Bank Restriction of 1797 and the Bullion Report of 1810, are also examined, shedding light on the history of American currency.