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After the Revolutionary War, the United States was in desperate need of a monetary system. You
should
be able to discuss how the monetary system developed in the era between the Revolutionary War
and the
Civil. A complete discussion will include the type of commodity money used (and why
commodity money
was chosen), how the banking system creates money, the relationship between the money supply
and
prices, the role of the national banking system (including its functions).

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After the Revolutionary War- the United States was in desperate need o.docx

  • 1. After the Revolutionary War, the United States was in desperate need of a monetary system. You should be able to discuss how the monetary system developed in the era between the Revolutionary War and the Civil. A complete discussion will include the type of commodity money used (and why commodity money was chosen), how the banking system creates money, the relationship between the money supply and prices, the role of the national banking system (including its functions).