| dc.contributor.author | Hall, George J. | |
| dc.contributor.author | Sargent, Thomas J. | |
| dc.date.accessioned | 2013-06-13T06:48:04Z | |
| dc.date.available | 2013-06-13T06:48:04Z | |
| dc.date.issued | 2013-06-13 | |
| dc.identifier.uri | http://hdl.handle.net/11073/5885 | |
| dc.description.abstract | In 1790, a U.S. paper dollar was widely held in disrepute (something shoddy was not 'worth a Continental'). By 1879, a U.S. paper dollar had become 'as good as gold.' These outcomes emerged from how the U.S. federal government financed three wars: the American Revolution, the War of 1812, and the Civil War. In the beginning, the U.S. government discriminated greatly in the returns it paid to different classes of creditors; but that pattern of discrimination diminished over time in ways that eventually rehabilitated the reputation of federal paper money as a store of value. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | American University of Sharjah | en_US |
| dc.relation.ispartofseries | School of Business Administration Working Paper Series | en_US |
| dc.subject | Repudiation | en_US |
| dc.subject | Reputation | en_US |
| dc.subject | Discrimination | en_US |
| dc.subject | Legal tender | en_US |
| dc.subject | Greenbacks | en_US |
| dc.subject | Alexander Hamilton | en_US |
| dc.subject | Albert Gallatin | en_US |
| dc.subject | Ulysses S. Grant | en_US |
| dc.title | Fiscal Discriminations in Three Wars | en_US |
| dc.type | Working Paper | en_US |
