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MITCHELL, Wesley Clair.

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
£375.00
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Notes

First 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).

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Description

Octavo. Original red cloth, titles to spine and front cover gilt.

Condition

Extremities slightly worn, faint scratches to boards, occasional minor blemish to contents. An excellent copy.

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