1. Paper gains.
- Subjects
- *
PAPER money , *HISTORY of money , *LEGAL tender , *BANK notes , *HISTORY - Abstract
Takes a look at the history of the invention of paper currency. John Palmstruch and the founding of the Stockholm Banco that issued bank notes in Sweden; Methods used to verify validity of the currency; Failure of the bank notes that become overvalued and the fate of Palmstruch; John Law and his patronage from the Banque Royale in France; The issue of credibility of paper currency; History of the growing use of paper to avoid metal as currency; Inflation.
- Published
- 1999