How The $1 Gold Coin Changed the Preference For Paper Notes—and Men’s Fashion

In 1868 the British Parliament convened a committee to study international coinage with a view to potentially making monetary changes to facilitate trade. Wide ranging topics were explored.
Testimony was elicited regarding gold coinage in various countries, with emphasis on France, and the United States. Alfred Field, a merchant who carried out substantial trade with the USA, and President of the Birmingham Chamber of Commerce, offered the following testimony concerning the introduction of the dollar gold coin which occurred when he was residing here:
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