Citat:
England hnde:
http://webskeptic.wikidot.com/money-...scripts-part-8 (snabbaste lnken jag kunde hitta, finns nog bttre kllor d denna tar sin frn en youtube video, kallad money masters, och den i sin tur frn bcker osv.)
Citat:
In 1720 every colonial Royal Governor was instructed to curtail the issue of colonial money. This was largely unsuccessful. In 1742 the British Resumption Act required that taxes and other debts be paid in gold. This caused a depression in the colonies - property was seized on foreclosure by the rich for one-tenth its value.
Benjamin Franklin was a big supporter ofthe colonies printing their own money. In 1757, Franklin was sent to London to fight for colonial paper money. He ended up staying for the next 18 years - nearly until the start of the American Revolution. During this period, ignoring Parliament, more American colonies began to issue their own money.
Called Colonial Scrip, the endeavor was successful, with notable exceptions. It provided a reliable medium of exchange, and it also helped to provide a feeling of unity between the colonies. Remember, most Colonial Scrip was just paper money - debt-free money - printed in the public interest and not really backed by gold or silver coin. In other words, it was a fiat currency.
Officials of the Bank of England asked Franklin how he would account for the new-found prosperity of the colonies. Without hesitation he replied:
"That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and tndustry to make the products pass easily from the producers to the consumers
In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."
This was just common sense to Franklin, but you can imagine the impact it had at the Bank of England. America had learned the secret of money, and that genie had to be returned to its bottle as soon as possible.
Benjamin Franklin was a big supporter ofthe colonies printing their own money. In 1757, Franklin was sent to London to fight for colonial paper money. He ended up staying for the next 18 years - nearly until the start of the American Revolution. During this period, ignoring Parliament, more American colonies began to issue their own money.
Called Colonial Scrip, the endeavor was successful, with notable exceptions. It provided a reliable medium of exchange, and it also helped to provide a feeling of unity between the colonies. Remember, most Colonial Scrip was just paper money - debt-free money - printed in the public interest and not really backed by gold or silver coin. In other words, it was a fiat currency.
Officials of the Bank of England asked Franklin how he would account for the new-found prosperity of the colonies. Without hesitation he replied:
"That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and tndustry to make the products pass easily from the producers to the consumers
In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."
This was just common sense to Franklin, but you can imagine the impact it had at the Bank of England. America had learned the secret of money, and that genie had to be returned to its bottle as soon as possible.
Jag antar i massasshutes s var det lyckat fram till 1720. Som du ser i lnken tidigare s experimenterade mnga stater med sina egna pengar eftersom det inte fanns guld i USA p den tiden.
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Senast redigerad av Xipsor 2013-07-27 kl. 00:31.
Senast redigerad av Xipsor 2013-07-27 kl. 00:31.