On the record
All nations in the midst of great wars have been compelled to resort to paper money.
Source
gutenberg.orgJohn Sherman: “All nations in the midst of great wars have been compelled to resort to paper money.”
Editor's note · Context
Sherman notes that nations at war often resort to using paper money as a necessity for financing their efforts.
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More from John Sherman
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
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