On the record
The currency of the United States had fallen almost as low as the Austrian kronen, and men derisively plastered the walls of their houses with the worthless paper of the Continental Congress.
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gutenberg.orgEditor's note · Context
Beck comments on the severe devaluation of currency in the early United States, reflecting economic instability.
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More from James Beck
This experience has convinced me that now, more than ever before, there is in England a deep interest in American institutions and their history.
The consequence is that again and again we are running the risk of perpetrating the most grotesque errors of judgment, of committing the most serious political blunders, in defiance of American public opinion.
They differed, at times heatedly, but always as gentlemen of candour and honour.
I only mention the subject to suggest that the reader of these lectures will better understand why the American people take the written obligations of the League so seriously and literally.
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