Gold and Silver

Lawrence H. Officer ()
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Lawrence H. Officer: University of Illinois at Chicago

Chapter Chapter 8 in A New Balance of Payments for the United States, 1790–1919, 2021, pp 147-152 from Palgrave Macmillan

Abstract: Abstract Conceptually, gold and silver flows are classified as either monetary (specie) or nonmonetary (merchandise). They are considered monetary when circulating full-bodied domestically, and nonmonetary otherwise. This means gold and silver are specie 1790–1852 and gold alone 1853 onward. The official practice of treating the monetary gold stock as an international asset is rejected. Statistically, new figures for specie 1790–1820 are developed, and omitted overland exports to Canada are corrected.

Date: 2021
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DOI: 10.1007/978-3-030-66099-4_8

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