A History of the Greenbacks
with Special Reference to the Economic Consequences of Their Issue: 1862-65.University of Chicago Press, Chicago , 1903 Stock Code: 112868
NotesFirst edition, first printing, of the author's acclaimed study of the impact of inflation on the economy of the Union. "From 1860 to 1864, textiles quadrupled in price as a result of the dearth of cotton. In general, wholesale prices rose more than did retail prices. The inflation imposed a heavy tax on working men, estimated by Mitchell at one-fifth or one-sixth of real income" (Don Parrlberg, An Analysis and History of Inflation, 1993, p. 64).
Octavo. Original red cloth, titles to spine and front cover gilt.
Extremities slightly worn, faint scratches to boards, occasional minor blemish to contents. An excellent copy.
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