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Making money, creating confidence: C...

Mihm, Stephen Anderson.

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Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877./
Author:	Mihm, Stephen Anderson.
Description:	504 p.
Notes:	Source: Dissertation Abstracts International, Volume: 64-05, Section: A, page: 1820.
Contained By:	Dissertation Abstracts International64-05A.
Subject:	History, United States. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3089415
ISBN:	0496371470

Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877.
Mihm, Stephen Anderson.

Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877. - 504 p.

Source: Dissertation Abstracts International, Volume: 64-05, Section: A, page: 1820.

Thesis (Ph.D.)--New York University, 2003.

This dissertation uses the history of counterfeiting between the ratification of the Constitution and the coming of the Civil War to tell a larger story about confidence in the currency, national authority, and the complexities and contradictions of everyday economic life.

ISBN: 0496371470Subjects--Topical Terms:

1017393
History, United States.

Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877.
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100 1 $a Mihm, Stephen Anderson. $3 1927276
245 1 0 $a Making money, creating confidence: Counterfeiting and capitalism in the United States, 1789--1877.
300 $a 504 p.
500 $a Source: Dissertation Abstracts International, Volume: 64-05, Section: A, page: 1820.
500 $a Adviser: Thomas Bender.
502 $a Thesis (Ph.D.)--New York University, 2003.
520 $a This dissertation uses the history of counterfeiting between the ratification of the Constitution and the coming of the Civil War to tell a larger story about confidence in the currency, national authority, and the complexities and contradictions of everyday economic life.
520 $a Counterfeiting reached epidemic proportions at this time because individual banks, and not the federal government, furnished most of the nation's money supply. These corporations issued thousands of "bank notes" of different denominations, sizes, colors, and designs. Counterfeiters exploited the confusion this system engendered, creating a vast underground economy that grew in tandem with the proliferation of note-issuing banks.
520 $a As the federal government abdicated its authority over the currency, and the right to make money became ever more dispersed into private hands, capitalists and counterfeiters thrived together. At times the difference between them became difficult to discern. Capitalists and counterfeiters employed many of the same technologies, people, and practices to achieve their ends. Indeed, many critics of capitalism came to see little difference between a banker and a counterfeiter.
520 $a Though this dissertation analyzes the material and metaphorical connections between counterfeiting and capitalism, it also maps out the criminal networks and business relationships behind the rise of the counterfeit economy. This illicit commerce transcended state and even national lines, making prosecution difficult in an era when the federal government proved unwilling and unable to police the nation's economy. Subsequent chapters of the dissertation argue that private initiatives to combat counterfeiting had little success, and confidence in the currency remained in short supply.
520 $a Only in the crucible of the Civil War was this dilemma resolved, as the United States began to supplant bank notes with a national currency representative of the sanctity of the nation. Counterfeiters now posed a threat to federal sovereignty, and they soon found themselves at the receiving end of a ruthless but successful campaign to suppress their money making. The right to make money thus became the prerogative of the national government. In the process, confidence in the currency became inextricably linked with confidence in the country, an abstraction that is with us still today.
590 $a School code: 0146.
650 4 $a History, United States. $3 1017393
650 4 $a Economics, History. $3 1017418
650 4 $a Sociology, Criminology and Penology. $3 1017569
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710 2 0 $a New York University. $3 515735
773 0 $t Dissertation Abstracts International $g 64-05A.
790 1 0 $a Bender, Thomas, $e advisor
790 $a 0146
791 $a Ph.D.
792 $a 2003
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3089415