Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821
Good Money tells the fascinating story of British manufacturers' challenge to the Crown's monopoly on coinage. In the 1780s, when the Industrial Revolution was gathering momentum, the Royal Mint failed to produce enough small-denomination coinage for factory owners to pay their workers. As the currency shortage threatened to derail industrial progress, manufacturers began to m
This book is an original addition to monetary history, and will probably change the way you look at change. It focuses on two periods in English history, 1787 to 1797 and 1811 to 1817, both times when the cost of wars and the inefficiencies of the Royal Mint led to a stark shortage of small, copper coins. The results were more dire than you might imagine.
Workmen who often made no more than a few shilling a week could not be paid with the silver and gold coins of a pound or over, so sometimes th ...more