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Legal Tender Act of 1862

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Political cartoon of the Lincoln Administration, reading "Running the 'Machine'", 1864.

Blues, Grays & Greenbacks

How Lincoln's administration financed the Civil War and transformed the nation's decentralized economy into the global juggernaut of the postwar centuries.
by Nicholas Guyatt via New York Review of Books on May 4, 2023
A scale measuring the weight of gold flakes; with a quill, wax seals, lace, and jewelry.

Where Inflation Comes From

How we calculate inflation has always been a subject of debate. Small changes that might seem trivial lead to enormous changes in how well-off we think we are.
by Carola Conces Binder via Works In Progress on August 30, 2024
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