Ron Chernow Quote
Basis. Because many Americans still bartered, Hamilton wanted to encourage the use of coins. As part of his campaign to foster a market economy, Hamilton suggested introducing a wide variety of coins, including gold and silver dollars, a ten-cent silver piece, and copper coins of a cent or half cent. He wasn’t just thinking of rich people; small coins would benefit the poor by enabling them to purchase in small portions and at a more reasonable rate the necessaries of which they stand in need. 42 To spur patriotism, he proposed that coins feature presidential heads or other emblematic designs and display great beauty and workmanship: It is a just observation that ‘The perfection of the coins is a great safeguard against counterfeits.
Basis. Because many Americans still bartered, Hamilton wanted to encourage the use of coins. As part of his campaign to foster a market economy, Hamilton suggested introducing a wide variety of coins, including gold and silver dollars, a ten-cent silver piece, and copper coins of a cent or half cent. He wasn’t just thinking of rich people; small coins would benefit the poor by enabling them to purchase in small portions and at a more reasonable rate the necessaries of which they stand in need. 42 To spur patriotism, he proposed that coins feature presidential heads or other emblematic designs and display great beauty and workmanship: It is a just observation that ‘The perfection of the coins is a great safeguard against counterfeits.
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