Vintage DHP Ep. 26 (Reissue): A History of the US Dollar, Part 2

(*Note: This is a Vintage Dangerous History Podcast from 2014, reissued on the public DHP feed for a limited time.)

We continue with our non-consecutive mini-series on the history of the US dollar, which has changed repeatedly over the centuries.

Join CJ as he discusses:

How, in the aftermath of the Revolutionary War Continental Dollar inflation, most of the Founding Fathers were soured on paper money, and took the opportunity of writing a new Constitution to reinstate a hard money (specie) standard

The loopholes that remained within the system even after hard money was written into the Constitution that allowed the banksters to still inflate to their own advantage

The Coinage Act of 1792 and its effect on the definition of US money

How banks (especially central banks) still created some inflation thanks to the ‘magic’ of “fractional reserve banking”, and also sparked business cycles – though by today’s standards the US dollar’s value was remarkably stable overall

How the not-so-Civil War spelled changes in American money that were just as dramatic as the changes the war wrought in so many other arenas, with the Union experiencing high inflation, and the Confederacy experiencing hyperinflation

Support the Dangerous History Podcast via Patreon or SubscribeStar.

Learn more about your ad choices. Visit podcastchoices.com/adchoices