Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23379 
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dc.contributor.authorWeidenmier, Marc D.en
dc.contributor.authorBurdekin, Richard C. K.en
dc.date.accessioned2009-01-29T16:04:32Z-
dc.date.available2009-01-29T16:04:32Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/23379-
dc.description.abstractDuring 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
dc.language.isoengen
dc.publisher|aClaremont McKenna College, Department of Economics |cClaremont, CAen
dc.relation.ispartofseries|aClaremont Colleges Working Papers |x2003-04 [rev.]en
dc.subject.jelN21en
dc.subject.jelE42en
dc.subject.ddc330en
dc.subject.keywordLegal restrictionsen
dc.subject.keywordinterest-bearing currencyen
dc.subject.keywordcivil waren
dc.subject.stwGeldgeschichteen
dc.subject.stwWährungen
dc.subject.stwFinanzgeschichteen
dc.subject.stwArkansasen
dc.titlePutting Legal Restrictions Theory to the Test: An Arkansan Experiment, 1861-1863-
dc.typeWorking Paperen
dc.identifier.ppn47737655Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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