The United States is so large in extent, is so sparsely populated, and the price of labor is so much higher than in Europe, that we require more currency per capita.
John Sherman: “The United States is so large in extent, is so sparsely populated, and the price of labor is so much higher than in…”
Editor's note · Context
Sherman explains the unique economic conditions of the United States that necessitate a higher currency per capita.
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