No sooner did the supply of gold at the command of the government fail, than the latter was compelled to resort to its credit, or to a direct representation of the true value and wealth of the country.
Victoria C. Woodhull: “No sooner did the supply of gold at the command of the government fail, than the latter was compelled to resort to its…”
Editor's note · Context
Woodhull highlights that when gold supplies dwindled, the government had to rely on credit, indicating a shift in financial practices.
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