Constitutional money : a review of the Supreme Court's monetary decisions

Timberlake, Richard H
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  • Creator Richard H. Timberlake
  • Format Books
  • Publication Cambridge ; New York : Cambridge University Press, 2013.
  • Physical Details
    • xiv, 247 pages ; 24 cm
  • ISBNs 1107032547, 9781107032545
  • OCLC ocn809420859


  • "This book reviews nine Supreme Court cases and decisions that dealt with monetary laws and gives a summary history of monetary events and policies as they were affected by the Court's decisions. Several cases and decisions had notable consequences on the monetary history of the United States, some of which were blatant misjudgments stimulated by political pressures. The cases included in this book begin with McCulloch v. Maryland in 1819 and end with the Gold Clause Cases in 1934-5. Constitutional Money examines three institutions that were prominent in these decisions: the Supreme Court, the gold standard and the Federal Reserve System. The final chapter describes the adjustments necessary to return to a gold standard and briefly examines the constitutional alternatives"--


  • "A Cato Institute Book."
  • Includes bibliographical references and indexes.


  • The current state of monetary affairs in the United States -- Emergence of money in civilized societies -- Bimetallic monetary systems and appearance of a national bank -- McCulloch v. Maryland, 1819 -- "To coin money and regulate the value thereof-- " -- Craig v. Missouri, 1830 -- Briscoe v. The Bank of the Commonwealth of Kentucky, 1837 -- Federal Government issues of treasury notes and greenbacks -- The track of the legal tender bills through Congress -- Bronson v. Rodes, 1868 -- Veazie Bank v. Fenno, 1869 -- Hepburn v. Griswold, 1870 : the legal tender issue -- Knox v. Lee and Parker v. Davis, 1871 : reversal of Hepburn -- Monetary affairs in the United States, 1871-1883 -- The third legal tender case : Juilliard v. Greenman, 1884 -- Commentaries on the legal tender decicions : the issue of sovereignty -- Other commentaries on the legal tender cases -- The (Gold) Currency Act of 1900 and monetary affairs in the United States before 1914 -- The Federal reserve system, 1914-1929 -- The great contraction, 1929-33 -- Gold! : Where did it go? : Why didn't the gold standard work? -- The gold clause cases, 1934-1935 -- Gold and monetary affairs in the twentieth century -- A constitutional monetary system
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