Debasing gold and debt currency trigger European crisis
The Ohio Life and Trust Company collapses amid a critique of debt based currency. The author argues for excessive reliance on credit and inadequate coin supplies in England, Scotland, and Ireland. Gold’s fungibility worsens crises as nations profit from high prices while real money remains scarce.
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California
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Joseph W. Davis
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Atkinson, Rollins & Richards
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Congress Street
Apventisixe
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