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Department of Economics, Claremont McKenna College >
Claremont Colleges Working Papers in Economics, Department of Economics, Claremont McKenna College >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/23379
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Weidenmier, Marc D. | | en_US |
| dc.contributor.author | | Burdekin, Richard C. K. | | en_US |
| dc.date.accessioned | | 2009-01-29T16:04:32Z | | - |
| dc.date.available | | 2009-01-29T16:04:32Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/23379 | | - |
| dc.description.abstract | | During the Civil War the Arkansas legislature funded their expenditures primarily through interest-bearing warrants and war bonds. After these issues were made legal tender in November 1861, the discount attributed to them disappeared immediately and they began to circulate widely. By mid- 1862 they appeared to be preferred to Confederate notes – which were also made legal tender in November 1861 but required military intervention to support their acceptance. The widespread circulation and potential dominance of legal tender interest-bearing currency is consistent with legal restrictions theory. Confederate notes supplanted the Arkansas issues only after the legislature suspended interest payments in November 1862. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Working paper series / Claremont McKenna College 03,04 [rev.] | | en_US |
| dc.subject.jel | | N21 | | en_US |
| dc.subject.jel | | E42 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Legal restrictions | | en_US |
| dc.subject.keyword | | interest-bearing currency | | en_US |
| dc.subject.keyword | | civil war | | en_US |
| dc.subject.stw | | Geldgeschichte | | en_US |
| dc.subject.stw | | Währung | | en_US |
| dc.subject.stw | | Finanzgeschichte | | en_US |
| dc.subject.stw | | Arkansas | | en_US |
| dc.title | | Putting Legal Restrictions Theory to the Test: An Arkansan Experiment, 1861-1863 | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 47737655X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Claremont Colleges Working Papers in Economics, Department of Economics, Claremont McKenna College
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