Private coins and the Industrial Revolution
Reprising this post from when I enjoyed George Selgin’s Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821 (University of Michigan Press, 2008). Come the Industrial Revolution, the number of wage earners rose dramatically, increasing dramatically the need for small denomination coins to pay them and for them to […]
Private coins and the Industrial Revolution Read More »