Description

The Curse of Paper Money and Banking: A Short History of Banking in the United States of America is a book written by William M. Gouge in 1833. The book provides a comprehensive overview of the history of banking in the United States, focusing on the issues surrounding paper money and its impact on the economy. Gouge argues that the use of paper money and banking has led to a curse on the American economy, causing inflation, economic instability, and financial crises. He provides a detailed analysis of the history of banking in the United States, including the establishment of the first bank in the country, the Bank of North America, and the controversies surrounding the Second Bank of the United States. Gouge also provides a critique of the banking system in general, arguing that it is inherently flawed and prone to abuse by those in power. The book is a valuable historical document that sheds light on the origins of banking in the United States and the ongoing debates surrounding the role of paper money in the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.