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Author: William-M-Gouge: 1 records

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  A Short History of Paper Money and Banking

  William M. Gouge Updated 9/20/2011

  "The bank was saved but the money was ruined." So says William Gouge (1796–1863), one of the best political economists of the American 19th century. He is speaking of the panic of 1819, but his sentence could sum up the w...