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History 4: Banker vs president and the birth of the dollar

Planet Money Summer School

CHAPTER

The Birth of the Dollar: Centralization vs. Chaos

This chapter explores the challenges of paper money in early America, focusing on inflation during the colonial and Revolutionary periods. It contrasts the push for federal control of coinage with fears of centralized economic power, setting the groundwork for two illustrative stories about the ensuing chaos and resolution in the United States economy.

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