When Money Went Rogue: Banking in Nineteenth Century Frontier America | FT #shorts
In Nineteenth-century America virtually anybody might print their very own cash – and plenty of did. One of essentially the most notable figures to take this up was James Brown, a charismatic conman who constructed a fortune producing pretend banknotes.
Stephen Mihm, a professor of historical past on the University of Georgia, introduces The Story of Money hosts Gillian Tett and Robin Wigglesworth to ‘the toughest working man in counterfeiting,’ they usually focus on the parallels between banking within the Wild West, the arrival of cryptocurrencies immediately and the position that belief performs in all monetary methods.
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