A Nation of Counterfeiters by Stephen Mihm

By Stephen Mihm

ahead of the Civil warfare, the us didn't have a unmarried, nationwide foreign money. Counterfeiters flourished amid this anarchy, placing large amounts of bogus accounts into move. Their good fortune, Mihm finds, is greater than an exciting story of felony company: it's the tale of the increase of a rustic outlined by way of freewheeling capitalism and little executive regulate. Mihm exhibits how finally the older financial process used to be dismantled, besides the counterfeit financial system it sustained.

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