Political Quotes

John Tyler: “Owing to the condition of the currency, exchanges between different parts of the country had become ruinously high and…”

On the record
Owing to the condition of the currency, exchanges between different parts of the country had become ruinously high and trade had to depend on a depreciated paper currency in conducting its transactions.
Said by
John Tyler
Whig · Virginia

Editor's note · Context

Tyler points out the detrimental effects of a depreciated currency on trade.

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