On the record
The redemption of the debt by the purchase of bonds in the open market strengthened the public credit, and laid a foundation for the resumption of specie payments.
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gutenberg.orgGeorge Boutwell: “The redemption of the debt by the purchase of bonds in the open market strengthened the public credit, and laid a…”
Editor's note · Context
Boutwell discusses how redeeming debt through bond purchases improved public credit and facilitated the return to specie payments.
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