Money: Its Origin, Development and Modern Use

Money: Its Origin, Development and Modern Use

by Carl H. Moore, Alvin E. Russell

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Product Details

ISBN-13: 9780786467365
Publisher: McFarland & Company, Incorporated Publishers
Publication date: 08/18/2011
Edition description: Reprint
Pages: 176
Product dimensions: 5.90(w) x 8.90(h) x 0.60(d)
Age Range: 18 Years

About the Author

The late Carl H. Moore wrote several books about economic history. He lived in San Antonio, Texas. Alvin E. Russell is deceased.

Table of Contents

Table of Contents



Acknowledgments vi

Preface vii



1. Money’s Precursors

Barter Systems 1

Commodity Money 2

Wampum 5

Metallic Money 8

Paper Money 9



2. Coins as Money

Early Coins 10

Coins in Colonial America 12

United States Coinage 13

The First Mint Established 15

Gold Coinage 17

Silver Coinage 18

Present Coinage 19

Commemorative Coins 24

“In God We Trust” 24

How Coins Are Made and Stored 25



3. Currency

Its Origins 31

Continental Currency 32

Pre- Federal Reserve System Currencies 35

Federal Reserve Bank Notes 37

The Saga of the $2 Bill 40

Design Characteristics and Symbolism 43

Printing and Circulation 48



4. Checkbook Money

What Is a Check? 58

The Development of Checks 61

Check Processing 63

Advantages and Disadvantages of Check Writing 65

The Cost of Writing Checks 67

Electronic Money 70



5. Credit Cards

Their Origins 74

Bank Cards 75

Use and Attitude Toward Credit Cards 77



6. Credit

Early Use 82

Allocation of Credit 83

Credit Regulations 84

Advantages of Credit 86

How to Obtain Credit 88



7. Creation and Control of Money

Money Creation and Supply 90

Control of Money 91

The Use of Gold and Silver 93

Momentum Toward a Central Bank 96

The Creation of the Federal Reserve System 98



8. The Federal Reserve System

Implementing the System 101

The Federal Reserve Board 102

How the Fed Controls Money 104

Financing Deficit Spending 106

Its Modern Influence 107

The Decision-Making Process 109



9. Money and the Law

Legal Tender Laws 113

Counterfeiting 115

Found Money 119



10. You and Your Money

Record-Keeping 122

Budgeting Your Money 124

Planning for the Future 127

Planning an Investment Portfolio 129



11. Conclusion

What Is Money? 131

Some Definitions of Money 131

Selected Expressions and Slang 133

Comments About Money 135



Appendices Significant Dates in the History of U.S. Coinage 139

Significant Dates in the History of U.S. Currency 140

Interesting Items Used as Money 141

Money in Circulation 142

World Population and Currencies 142

The Federal Reserve System 144

1986 Domestic Coinage 147

Loans and Securities for All Commercial Banks 148

Consumer Installment Credit 150

Money Stock, Liquid Assets, Debt Measures 152

Gold and Silver Bullion Coin Specifications 155



Bibliography 157

Index 159

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