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Tag Archives: Jay Cooke
Laurels to the Chief
The Panic of 1873 led to a long-lasting depression in Europe and North America. In early 1874 Congress passed a bill that would expand the supply of paper currency not redeemable in gold. On April 22, 1874 President Ulysses. S. … Continue reading
America still shackled …
… by a whole lot of debt A British publication related the American Civil War debt to the “the safety and expediency of democratic rule.” – especially given a democracy’s aversion to free trade. From The New-York Times May 8, … Continue reading
