TY  - JOUR
AU  - Grubb,Farley
TI  - Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13974
PY  - 2008
Y2  - May 2008
UR  - http://www.nber.org/papers/w13974
L1  - http://www.nber.org/papers/w13974.pdf
N1  - Author contact info:
Farley Grubb
University of Delaware
Economics Department
Newark, DE  19716
Tel: 302/831-1905
Fax: 302/831-6968
E-Mail: grubbf@udel.edu
AB  - The British North American colonies were the first western economies to rely on legislature-issued fiat paper money as their principal internal medium of exchange. This system arose piecemeal across the colonies making the paper money creation story for each colony unique. It was true monetary experimentation on a grand scale. The creation story for Maryland, perhaps the most unique among the colonies, is analyzed to evaluate how market forces, media influences, and the power of various constituents combined to shape its particular paper money system.
ER  -