History
In Green We Trust
The tumultuous history of the American dollar from phantom colonial currency through Civil War greenbacks to the gold standard's collapse.
38 min read15 sections6,881 wordsFree online
What This Book Covers
- Chapter One - The Money That Didn’t Exist
- Chapter Two - Trust Us, It’s Money
- Chapter Three - Land, Paper, Panic
- Chapter Four - Jackson’s War on the Monster
- Chapter Five - Cotton Backed Currency
- Chapter Six - Gold Fever
- Chapter Seven - The Greenback Experiment
- Chapter Eight - Panic, Paper, Progress
- Chapter Nine - Gold Standard, Broken Promises
- Chapter Ten - Bretton Woods and the New Empire
- Chapter Eleven - Nixon’s Decoupling: The Dollar Goes God Mode
- Chapter Twelve - Petrodollar: The Oil-Blood Pact
- Chapter Thirteen - Inflation, Recession, Repeat
- Chapter Fourteen - 2008: Faith Collapses, the Dollar Doesn’t
- Chapter Fifteen - The Dollarverse
Excerpt
CHAPTER ONE The Money That Didn’t Exist THE UNITED STATES was born broke. Not metaphorically. Not poetically. Literally. There was no real currency. No central bank. No plan. Just a war effort, a dream of independence — and a stack of IOUs nobody expected to be worth a damn. The Revolution had been financed with desperation. And desperation doesn’t pay well. The Continental Congress printed money because it had no choice. They called it the Continental. It wasn’t backed by gold. Or silver. Or land. Or anything. It was backed by hope. And that hope ran out fast. By the end of the war, a Continental dollar wouldn’t buy you a sandwich. The phrase “not worth a Continental” wasn’t a joke — it...
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