Contraction Of Legal Tender Notes Vs. Repudiation And Disloyalty
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Book Overview
In "Contraction Of Legal Tender Notes Vs. Repudiation And Disloyalty," David Ames Wells delves into the contentious issues surrounding the contraction of legal tender notes following the American Civil War. Wells, a prominent economist and special commissioner of the revenue, offers a detailed analysis of the economic policies enacted during and after the war, particularly those concerning the national currency.
The book explores the debates over the role of legal tender notes, the implications of their contraction, and the potential for repudiation. Wells argues against policies that could undermine the nation's financial stability and reputation. This work provides valuable insights into the economic challenges faced by the United States in the aftermath of the Civil War and the complexities of monetary policy during a period of significant social and political upheaval.
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