| Response sheet 11, for lecture class, Tuesday | |
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1. The U.S. “greenback” currency still in use today was invented in the course of the American Civil War. According to Mihm, what kinds of currency circulated in the United States in the early 19th century? Who issued it? Upon what authority and with what backing? 2. What institutions helped Americans trust the various banks and varied banknotes they encountered in their economic lives? 3. According to Lepler, why did so many American men suddenly go bankrupt in 1837 and ensuing years? 4. What institutions helped Americans trust the economic soundness of other Americans with whom they did business? |