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Jaremski, Matthew. “State Banks and the National Banking Acts: Measuring the Response to Increased Financial Regulation, 1860—1870.” Journal of Money, Credit and Banking 45#2-3 (2013), pp. 379–99. online; McCandless, George T. “Money, Expectations, and the U.S. Civil War.” American Economic Review 86#3 (1996) pp. 661–71. online
From 1860 to 1900, the wealthiest 2% of American households owned more than a third of the nation's wealth, while the top 10% owned roughly three-quarters of it. [60] The bottom 40% had no wealth at all. [4] In terms of property, the wealthiest 1% owned 51%, while the bottom 44% claimed 1.1%. [4]
U.S. territorial extent in 1860. April 3, 1860 – Pony Express begins. November 6 – 1860 United States presidential election: Abraham Lincoln elected president and Hannibal Hamlin vice president with only 39% of the vote in a four-man race. December 18 – Crittenden Compromise fails. December 20 – President Buchanan fires his cabinet.
From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 (Cambridge University Press, 2004). Meltzer, Allan H. A History of the Federal Reserve (2 vol. U of Chicago Press, 2010). Murphy, Sharon Ann. Other People's Money: How Banking Worked in the Early American Republic (2017) online review
History of the United States from the Compromise of 1850: 1877–1896 (1919) online complete; old, factual and heavily political, by winner of Pulitzer Prize; Shannon, Fred A. The farmer's last frontier: agriculture, 1860–1897 (1945) complete text online; Smythe, Ted Curtis; The Gilded Age Press, 1865–1900 Praeger. 2003.
This article originally appeared on GOBankingRates.com: 6 Pennies from the 1900s Worth a Lot of Money. Show comments. Advertisement. Advertisement. ... You can get TurboTax for 30% off on Amazon ...
The first issue amounted to 242 million dollars. This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar. By 1780, the paper money was "not worth a Continental", as people said, and a second issue of new currency was attempted.
Dorsainvil said that boomers will make paying off debt a priority in 2025, which will make it difficult, if not impossible, for brands to sell nonessential items to them.