SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: pogohere who wrote (90745)1/22/2008 6:19:12 PM
From: Tommaso  Respond to of 110194
 
>>>It was not ever the plan to gradually ease it out of circulation.<<<

I guess I was thinking of the period following the "resumption" of specie payments in 1879, after which the remaining circulating greenbacks were gradually replaced with a single explicitly gold-backed paper currency. I forget when they ceased to appear in ordinary transactions but it seems to me (from what I recall form long-ago reading) it was after the turn of the century.