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Editorial
September 11, 1839
The Madisonian
Washington, District Of Columbia
What is this article about?
Editorial rebuts Washington Globe's call for America to adopt China's hard-money system, arguing that China's absence of paper currency and credit has resulted in national backwardness and miserable populace, urging preservation of America's paper and credit system. Signed Evening Journal.
Clipping
OCR Quality
100%
Excellent
Full Text
The Washington Globe says that China has banished paper money, and that therefore America should also become a 'hard-money' nation. In China there is no paper money—no credit system.—And what are the consequences? Is not China among the lowest in the scale of nations? Are not her millions of people the most abject, degraded and miserable beings who cumber the earth? Does the Globe wish America to go back to the darkness and barbarism of China? It must be so, or it would not labor to destroy the Paper and Credit System.—Evening Journal.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Paper Money
Hard Money
Credit System
China Economy
Economic Degradation
What entities or persons were involved?
Washington Globe
China
Evening Journal
Editorial Details
Primary Topic
Critique Of Hard Money Advocacy Using China As Example
Stance / Tone
Opposed To Hard Money, Supportive Of Paper And Credit System
Key Figures
Washington Globe
China
Evening Journal
Key Arguments
China Has No Paper Money Or Credit System
China's People Are Abject, Degraded, And Miserable Due To Lack Of Credit
America Should Not Follow China's Example Of Darkness And Barbarism
Destroying The Paper And Credit System Would Harm America