A Nation of Counterfeiters
Stephen Mihm talked about his book A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States, published by Harvard University Press. He describes the U.S. system of currency prior to the Civil War when there was no single national currency. Organizations such as individual banks and state legislatures circulated their own money. Mr. Mihm relays that by 1860 there were over 10,000 different kinds of currency in the U.S. This chaotic system was an environment rife with counterfeiters but also with currency without sufficient backing. He showed some slides during his presentation and then he responded to questions from members of the audience. close
People in this video
- Library Company of PhiladelphiaLibrary Company of Philadelphia
Financial Market Issues: Open Phones
Telephone lines were opened for viewer comments on Secretary Paulson’s speech about oversight of financial institutions.
President Bush spoke about developments in the financial markets and federal efforts to stabilize them.
Federal Response to the Financial System
Treasury Secretary Henry Paulson talked about the financial crisis and the role of the federal government in…
Presidential Address Reaction
Telephone lines were open for reaction to a presidential address on plans to rescue financial markets.