
Promise to Pay
The Politics and Power of Money in Early America
Katie A. Moore(Author)
University of Chicago Press
Published on 19. November 2024
Book
Hardback
308 pages
978-0-226-83581-5 (ISBN)
Description
An incisive account of the crucial role money played in the formation and development of British North America.
Promise to Pay follows America's first paper money-the "bills of credit" of British North America-from its seventeenth-century origins as a means of war finance to its pivotal role in catalyzing the American Revolution. Katie A. Moore combs through treasury records, account books, and the bills themselves to tell a new story of money's origins that challenges economic orthodoxy and mainstream histories. Promise to Pay shows how colonial governments imposed paper bills on settler communities through existing labor and kinship relations, their value secured by thousands of individual claims on the public purse-debts-and the state's promise to take them back as payment for taxes owed. Born into a world of hierarchy and deference, early American money eroded old social ties and created new asymmetries of power, functioning simultaneously as a ticket to the world of goods, a lifeline for those on the margins, and a tool of imperial domination.
Grounded in sustained engagement with scholarship from multiple disciplines, Promise to Pay breathes new life into old debates and offers an incisive account of the centrality of money in the politics and conflicts of empire, community, and everyday life.
Promise to Pay follows America's first paper money-the "bills of credit" of British North America-from its seventeenth-century origins as a means of war finance to its pivotal role in catalyzing the American Revolution. Katie A. Moore combs through treasury records, account books, and the bills themselves to tell a new story of money's origins that challenges economic orthodoxy and mainstream histories. Promise to Pay shows how colonial governments imposed paper bills on settler communities through existing labor and kinship relations, their value secured by thousands of individual claims on the public purse-debts-and the state's promise to take them back as payment for taxes owed. Born into a world of hierarchy and deference, early American money eroded old social ties and created new asymmetries of power, functioning simultaneously as a ticket to the world of goods, a lifeline for those on the margins, and a tool of imperial domination.
Grounded in sustained engagement with scholarship from multiple disciplines, Promise to Pay breathes new life into old debates and offers an incisive account of the centrality of money in the politics and conflicts of empire, community, and everyday life.
Reviews / Votes
"Promise to Pay offers a capacious and compelling account of the American colonies' pathbreaking efforts to make their own paper money and use it to forge a new social order. Moore shows how struggles over the power to create currency structured colonial politics at every level, from royal officials and provincial assemblies to merchants and planters, landlords and laborers, settlers and Native societies, and enslavers and enslaved people. Bringing the central insights of the new history of money brilliantly to bear on the mainland British colonies from New England to the Chesapeake, this landmark study places monetary politics at the core of conflicts over conquest and colonization, progress and poverty, warfare and welfare, and political authority and autonomy from the late seventeenth century to the eve of the American Revolution." -- Jeffrey P. Sklansky, author of 'Sovereign of the Market: The Money Question in Early America' "This highly accessible work on a relatively esoteric subject makes a valuable contribution to early American history." * Choice * Moore's goal is to return "money to history and his-tory to money." Across seven chapters she does both in remarkable style. Moore's essential insight is that money is fluid, motile, that it changes, shifting economic practices and societies in ways that more comparative histories often miss. * American Historical Review *More details
Series
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
Professional and scholarly
Illustrations
15 halftones
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 25 mm
Weight
540 gr
ISBN-13
978-0-226-83581-5 (9780226835815)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Katie A. Moore is assistant professor of history at the University of California, Santa Barbara.
Content
Introduction: Early American Monetary Practice
1. From Coin to Currency
2. The Sinews of War
3. Accounting for Politics
4. Coined Land
5. Money and Blood
6. Money on the Margins
7. From Currency to Coin
Epilogue: The Currency Act Crisis
Acknowledgments
List of Abbreviations
Notes
Index
1. From Coin to Currency
2. The Sinews of War
3. Accounting for Politics
4. Coined Land
5. Money and Blood
6. Money on the Margins
7. From Currency to Coin
Epilogue: The Currency Act Crisis
Acknowledgments
List of Abbreviations
Notes
Index