PROBLEMS IN ANALYZING INFLATION DURING THE CIVIL WAR
In the American Civil War, a drastic increase in the level of “high powered money” with the issuance of the greenbacks had a relatively modest effect on the measured price level. The existence of a free market in gold and the presence of specie are offered as an explanation for the constrained movem...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2002-06-01
|
| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/101 |