A History of American Currency: With Chapters on the English Bank Restriction and Austrian Paper Money; To Which Is Appended the Bullion Report

by William Graham Sumner

Excerpt from A History of American Currency: With Chapters on the English Bank Restriction and Austrian Paper Money; To Which Is Appended "the Bullion Report"
Ed. Palmer, being found guilty of extortion in charging 135. 4d. For the wood-work of the Boston stocks, was fined 5, and condemned to sit in the stocks one hour.
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Genres: Economics, History, Money, American History

403 pages, Paperback

First published November 30, 1883

About the author

William Graham Sumner (October 30, 1840 – April 12, 1910) was a classical liberal American social scientist. He taught social sciences at Yale, where he held the nation's first professorship in sociology. He was one of the most influential teachers at Yale or any other major school. Sumner wrote widely within the social sciences, with numerous books and essays on American history, economic history, political theory, sociology, and anthropology. He supported laissez-faire economics, free markets, and the gold standard. He adopted the term "ethnocentrism" to identify the roots of imperialism, which he strongly opposed. He was a spokesman against imperialism and in favor of the "forgotten man" of the middle class, a term he coined. He had a long-term influence on conservatism in the United States.