Media Asset
Author:
Mark Thornton
Online Publish Date:
There was a sea change in money and banking in the U.S. as a result of the Civil War. Government became the primary regulator. Metal coins gave way to paper. Mistakes of one bank infected others – it was contagion. Southerners were left bankrupt. Many desired the free minting of silver coins because the gold coins were so dear. The Wizard of Oz