On the record
Irredeemable money is always the result of war, pestilence, or some great misfortune.
Source
gutenberg.orgJohn Sherman: “Irredeemable money is always the result of war, pestilence, or some great misfortune.”
Editor's note · Context
Sherman discusses the historical causes of irredeemable money, linking it to significant crises.
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More from John Sherman
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.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
The Union already embraces discordant elements enough without adding others.
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