Where did the gold coins go?

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  • July 9, 2020 at 4:44 pm #21924
    pacopasa
    Participant

    Professor,
    In your lecture on the Republican Economy the chart shows that gold coin usage decreased dramatically from 1863 to 1879. Where did they go? saved or to foreign countries?

    July 15, 2020 at 3:03 pm #21925
    jmherbener
    Participant

    They went both to hoards domestically and to foreign trade. I don’t know of any statistics on the magnitudes of the two alternatives.

    July 16, 2020 at 7:04 am #21926
    pacopasa
    Participant

    thanks

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