International Specie Flows and American Monetary Stability, 1834–1860

Thomas D. Willett

The Journal of Economic History, 1968, vol. 28, issue 1, 28-50

Abstract: The importance of the international sector in initiating the nineteenth-century economic development of the United States has been widely acknowledged. Its influence on American economic stability, however, is by no means as well established. Controversy persists concerning the interrelationships between the international flow of liquid funds evidencing balance-of-payments disequilibrium and the American monetary system during the period from the 1830's to the Civil War.

Date: 1968
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