The historical audacity of the Louisiana PurchaseWhen the French offered up the Louisiana Territory, Thomas Jefferson knew this real estate deal was too good to pass up. How did the President justify the purchase that doubled the size of the United States? Judy Walton provides President Jefferson's reasoning.
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The birth of the dollar bill
Before the Civil War, there were 8,000 different kinds of money in the United States. Banks printed their own paper money. And, unlike today, a $1 bill wasn't always worth $1. Sometimes people took the bills at face value. Sometimes they accepted them at a discount (a $1 bill might only be worth 90 cents, say.) Sometimes people rejected certain bills altogether. On today's show, we figure out how this world worked. And explain how the Civil War — and the Union's need for money — changed everything.
Click here to hear the Podcast: NPR Planet Money - Episode #421 |
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