Letters of Credit - The Strong and Weak Forces of an Atom

letters of credit were the connective tissue, first between cotton growers in the tand people bought the cotton in england and turned it into cloth. Without which there's no system, right? There's no assurance that t people will be able to buy and sell stuff. And these letters were what you used as kind of trusted i know that if i part with my goods, some one on the other side, the other side of the atlantic will buy them,. If ipart with my money, i'll get my goods. The amount of just sheer liquidity in the united statesi did, lead to these incredible periods of, of, you know, capital creation, ind booms