What's the Value of a Facebook Cryptocoin?
Mar 04, 2019•8 min
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Episode description
Just before the Civil War, and long before the Federal Reserve, the United States had 8,000 kinds of money. It was a chaotic, confusing time to buy your groceries. Private banks issued notes with the promise of backing in gold and silver, but their actual value was anybody’s guess. Soon other companies---drug stores, coal mines, and of course railroads, the wealthy connectors of their day---jumped into the fray.
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