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ECON315Money_Constitution - silver dollars and...

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Figure 1: Currencies Used in Current Market Transactions, 1787-1804 Data Source: Book A of Redemptioners – Notes : “Dollars” include Spanish silver dollars, U.S. minted silver dollars, and dollar-denominated bank notes.
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Figure 2: Currencies Used in Forward Market Transactions (3-Year Forward Contracts), 1787-1804 Data Source: “Book A of Redemptioners.” – Notes : “Dollars” include Spanish silver dollars, U.S. minted
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Unformatted text preview: silver dollars, and dollar-denominated bank notes. Figure 6: Bi-Yearly Dividend Return on Bank of North America Stock, 1782-1802 Notes: For 1782 and 1792-1802, only the yearly return is known. For these years, the bi-yearly return is taken to be half the yearly return. Data Sources: LEWIS JR., A History of the Bank of North America, pp. 152-153; Pennsylvania Gazette , January and July issues....
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