What's the Value of a Facebook Cryptocoin?
Business, Spoken
English - March 04, 2019 16:32 - 9 minutes - ★★★★ - 16 ratingsBusiness News News spokenlayer Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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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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.
Learn more about your ad choices. Visit podcastchoices.com/adchoices