2min chapter

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Birth of the U.S. Dollar | Roger Lowenstein

Forward Guidance

CHAPTER

The Moral Imperative to Stop the Trade in Russian Oil and Gas

Lincoln and Chase hit in this program authorizing designated traders who applied for permits to go down into the occupied territory, purchase cotton from supposedly loyal southerners. This is a really absurd policy to rely on these people. The general Sherman was just incensed. He said, you cannot trade with the people and carry on war against him at the same time. And Grant was also incensed. They they passed actually resolutions for bidding traders in their territories from using gold or silver or any kind of authorized currency.

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