The Crime of 1873 & the Debasement of Silver
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The Crime of 1873 & the Debasement of Silver
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About this listen
The Crime of 1873 & the Debasement of Silver - In this episode, 'The Guy in the Hat' discusses the debasement of silver, specifically the rise of monometallism and the catastrophic impact on the common man in 1873. This is the moment at which the 'money of the people' was largely made illegal, with debt and taxes payable in gold only.
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