Description

Book Synopsis
What should serve as money, who should control its creation and circulation, and according to what rules? For more than two hundred years, the money question shaped American social thought, becoming a central subject of political debate and class conflict. Sovereign of the Market reveals how and why this happened. Jeffrey Sklansky's wide-ranging study comprises three chronological parts devoted to major episodes in the career of the money question. First, the fight over the innovation of paper money in colonial New England. Second, the battle over the development of commercial banking in the new United States. And third, the struggle over the national banking system and the international gold standard in the late nineteenth century. Each section explores a broader problem of power that framed each conflict in successive phases of capitalist development: circulation, representation, and association. The three parts also encompass intellectual biographies of opposing reformers for each p

Sovereign of the Market

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    A Hardback by Jeffrey Sklansky

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      Book details

      Publisher The University of Chicago Press
      Published 3 November 2017
      ISBN-13 9780226480336
      978-0226480336
      ISBN-10 022648033X
      Also in:
      Economic history Political ideologies and movements

      Description

      Book Synopsis
      What should serve as money, who should control its creation and circulation, and according to what rules? For more than two hundred years, the money question shaped American social thought, becoming a central subject of political debate and class conflict. Sovereign of the Market reveals how and why this happened. Jeffrey Sklansky's wide-ranging study comprises three chronological parts devoted to major episodes in the career of the money question. First, the fight over the innovation of paper money in colonial New England. Second, the battle over the development of commercial banking in the new United States. And third, the struggle over the national banking system and the international gold standard in the late nineteenth century. Each section explores a broader problem of power that framed each conflict in successive phases of capitalist development: circulation, representation, and association. The three parts also encompass intellectual biographies of opposing reformers for each p

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