A history of the United States for schools . FRANCIS 236 THE REVOLUTION. Ch. XL a government, are commonly called paper money. Solong as government redeems them in gold they are asgood as money. If government suspends, or post-pones, giving gold for them on demand, their valuefalls; that is, a man will give more for a gold dollar thana paper dollar. If people believe that government will bePoor able to redeem its notes, their value falls but money. slightly ; if they cease to have such confidence,the value falls terribly. Such fluctuations in the valueof currency are very destructive
A history of the United States for schools . FRANCIS 236 THE REVOLUTION. Ch. XL a government, are commonly called paper money. Solong as government redeems them in gold they are asgood as money. If government suspends, or post-pones, giving gold for them on demand, their valuefalls; that is, a man will give more for a gold dollar thana paper dollar. If people believe that government will bePoor able to redeem its notes, their value falls but money. slightly ; if they cease to have such confidence,the value falls terribly. Such fluctuations in the valueof currency are very destructive to business, and alwaysproduce poverty and misery. It is probable that during. (WWjrmmMMiMSMiSMf: Sixtj/l^ottars. NoC2l?4^-
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