Good Money: Birmingham Buton Makers, The Royal Mint, and the Beginnings of Modern Coinage 17751821 [Hardcover] London Publishing Partnership

Good Money tells the fascinating story of British manufacturers challenge to the Crowns monopoly on coinage In the 1780s, when the Industrial Revolution was gathering momentum, the Royal Mint failed to produce enough smalldenomination coinage for factory owners to pay their workers As the currency shortage threatened to derail industrial progress, manufacturers began to mint custommade coins, called tradesmans tokens Rapidly gaining wide acceptance, these tokens served as the nations most popular currency for wages and retail sales until 1821, when the Crown outlawed all moneys except its ownEconomist George Selgin presents a lively tale of enterprising manufacturers, technological innovations, alternative currencies, and struggles over the right to coin legal moneyGeorge Selgin is Professor of Economics in the Terry College of Business at the University of Georgia and Research Fellow at the Independent Institute in Oakland, California wwwindependentorg ISBN10: 0472116312 ISBN13: 9780472116317Material Type: hardcover