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Chapter Summary Of 'The Great Gold Conspiracy'

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Chapter 1: The Aristocracy of the Capital Political • Every state assigned people to maintain offices on the homefront in order to keep its’ internal government running effectively and efficiently • Alexander Hamilton realized that states had too much power and that the central government was lacking enough to keep the nation running smoothly Ideological • Merchants want and need a stronger and stabilized currency. Prices decrease, debts increase • Separation between loose and strict constructionists Economic • British don’t want to issue paper money to avoid possibilities of inflation occurring • Colonials however wanted it and therefore trade fell apart due to the dispute • National bank created in order to solve currency issue (one bank with the same form of currency) • Gold and silver replaced paper currency when needed to • Coins were no longer effective, …show more content…

Gold prices continued to fluctuate and people paid more attention to this rather than the absolute price. Capitalism set the tone for currency, taxes, and the overall banking system. Chapter 5: The Transit of Jupiter Political • Congress decreased the supply of money which was now dependent on the amount of gold Ideological • Economic • Gold and silver were used as divisions as capitalism and democracy, and wealth and

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