Russell's Note: The column below is by my associate, Jon Strebler (whom I have always called "The mad chartist"). John will be participating every Tuesday, and daughter, Daria, will provide occasional pieces. But never fear, like "Ol man River," I'll keep rolling along!
A TALE OF TWO CHARTS
One of the hats I wear is that of a history teacher, so like many of you, I’m familiar with the writings of Howard Zinn. Looking for something to balance Zinn’s extreme leftist views, I recently started reading Paul Johnson’s massive A History of the American People.
Among Johnson’s many fascinating tales is that of the collapse of the Confederacy’s finances during the Civil War. Confederate dollars, not backed by gold were “quoted at a premium over paper as early as May 1861… By the end of 1862 a gold dollar bought three paper ones and, by the end of 1863, not fewer ... Log in or subscribe to continue reading.
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