“A History of the Canadian Dollar,” written by James Powell (reprinted inaultline), is a detailed account of Canadian monetary history, from the introduction of currency to today. This account is undertaken in a comprehensive way, covering the years between Confederation and the formation of the Northwest Mounties. Although some of the chapters do deal with various issues affecting Canadians on the whole, most focus on the monetary aspects of this country. A PDF version of this text is also available.
The term “History of the English American Dollar” is used for two distinct purposes. Firstly, the book traces the evolution of this popular colonial coinage. It traces how the Canadian dollar was chosen as the national currency, and examines the various factors influencing this choice. Then, in the conclusion, it considers the political atmosphere in which the adoption of this monetary standard took place. Finally, the author discusses the implications of these developments for Canada and other countries.
James Powell is an accomplished scholar, having extensively researched monetary matters. In this book, he includes a concise survey of previous attempts to represent Canada’s history and monetary development. These include essays on Canadian gold issues, William Shoppers’ expedition, the role of banks in financing the economy, early Canadian trade policies, the origin of Canadian currency, and other monetary topics.
The history of the English American Dollar is dealt with at length. Part one concerns the historical development of this denomination. Early attempts to release coins in weights of half crowns show that coinage was adopted soon after independence. By 1780, a half crown was the legal coinage weight. The same situation occurred with the American dollar, which adopted the same coinage system later in its history.
The author examines the various events that influenced the system including the Whiskey Act, the Panic of 1819, the Gold Standard, the Compromise, the Locarno Act, the Bretton Woods System, the movement toward central banking, the gold standard, the theory of relativity, and various political situations in the United States. He also examines the impact of altered money concepts on the denomination. The author concludes that the most important aspect of studying this history is to be aware of how money functions in real life. It is not just a story about how money was produced and accepted.
This book is a good introduction to the study of currency. History of the English American Dollar covers a lot of material that students may not find in other introductory texts. There are many interesting case studies within the book to help students grasp more information regarding this history of money.
The book is concise and to the point. Students will find this text easy to read and understand. The author uses simple language without using complicated explanations. The layout of the book is clear with the table of contents acting as the navigation guide.
This is an excellent book for people who already know a little about currency and the workings of it. The author provides enough information to give students the background they need to be familiar with the history of the English American dollar. The book will serve as an excellent textbook and reference guide. History of the English American Dollar is intended for college students majoring in American history or foreign language.
There are many resources available on the internet for those interested in this particular subject. You can download the e-book or buy the hard copy. The former option is preferable, as the e-book version often suffers from the lack of originality of the writing style. Hard copies will allow one to keep the book around the house and read it at a leisurely pace. The student will be able to take the book home and refer to it at any time.
The History of the English American Dollar is an intriguing glimpse into the lives and times of this currency. Those not familiar with American history may benefit from the detailed accounts within this text. Those already knowledgeable will certainly gain something from this text book.
This book is definitely a must-have for all those who care about American money and currency. No matter if you are studying American history, foreign currency, or even both you will likely enjoy this text book. The author has put a lot of research into preparing this text. The reader will benefit from this effort in understanding how this form of currency came to be. The knowledge gained will undoubtedly broaden one’s knowledge about this nation.
