Posts

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
1 min read

The gold standard is not a total myth.

Certainly it is. There were Demand Notes printed during the Civil War. In fact, didnt Southern States create their onw currency? That was not backed by gold. Yet it encompassed a significate portion of the US GDP.

Ironic how it is easy to overlook and focus only on the USD when there were dozens of different currencies created during the time period you mention.

Posted Using LeoFinance Beta