Why did debtors and protesters in many states demand the creation of paper currency? Why did debtors

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Why did debtors and protesters in many states demand the creation of paper currency? Why did debtors and protesters in many states demand the creation of paper currency? The creation of paper currency would be good business for paper mills. Paper currency was easier to carry than gold and silver coins. If states printed notes, more money would circulate in the system, easing tensions on farmers and other debtors. Trading partners, such as Native Americans and the British, dealt only in paper currency. "Hard Money" policies were viewed as necessary in a modern economy

Posted Date: Jun 11, 2024 10:10 AM

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Why did debtors and protesters in many states demand the creation of paper currency? Why did debtors

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