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Continental Currency $20 banknote with marbled edge (May 10, 1775).

Marbled Money

Marbled paper was a way to make banknotes and checks unique—a critical characteristic for a nascent American Republic.
A political cartoon of the panic, depicting mobs, drunkards, and class struggles.

Panic of 1837

The panic of 1837 was a financial crisis in the United States that triggered a multi-year economic depression.
Bank of England.

The Invention of Money

In three centuries, the heresies of two bankers became the basis of our modern economy.
Cartoon of crooked Oliver Hartzell with his arm around an apprehensive Sir Francis Drake.

The Mythical Fortune That Fuelled America’s Greatest Fraud

Oscar Hartzell convinced thousands of Americans that they could get a piece of the Sir Francis Drake estate—a multibillion-dollar inheritance that didn’t exist.
A political cartoon of Benjamin Harrison and Grover Cleveland emptying the U.S. treasury.

Radical Tariffs Aren’t New, But They Have Been Disastrous

An American story.
The North American Trust Company building in Havana, Cuba.

The Imperial Fed

Colonial currencies and the pan-American origins of the dollar system.
William Wells Brown

William Wells Brown, Wildcat Banker

How a story told by a fugitive from slavery became a parable of American banking gone bad.
1912 political cartoon of the Aldrich Plan depicted as an octopus with tentacles on a bank, a factory, and a farm while spitting coins into the NYSC.

A Popular History of the Fed

On Populist programs and democratic central banking.

Whose Century?

One has to wonder whether the advocates of a new Cold War have taken the measure of the challenge posed by 21st-century China.
Political cartoon showing the effects of the recession, including idle ships, drunk men, and a woman and child begging a banker for mercy.

The Panic of 1837

A primary source set and teaching guide created by educators.

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