Colonial Virginia's paper money regime, 1755–74: A forensic accounting reconstruction of the data

Farley Grubb

Historical Methods: A Journal of Quantitative and Interdisciplinary History, 2017, vol. 50, issue 2, 96-112

Abstract: In this article, the author reconstructs the data on Virginia's paper money regime using forensic accounting techniques. He corrects the existing data on the amounts authorized and outstanding, and reconstructs yearly data on previously unknown aspects of Virginia's paper money regime, including printings, net new emissions, redemptions and removals, denominational structures, expected redemption tax revenues, and specie accumulating in the treasury for paper money redemption. These new data form the foundation for narratives written on the social, economic, and political history of Virginia, as well as for testing models of colonial paper money performance.

Date: 2017
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DOI: 10.1080/01615440.2016.1256241

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