3
votes
2answers
56 views

Why did overestimated coins led to inflation and well-estimated coins to deflation?

It is said in Debt, the first 5,000 years by David Graeber (chapter 4, note 2) that when the value of metal coins represented exactly their weight, the result was deflation. The author says that when ...
12
votes
1answer
5k views

What was the actual value of tea destroyed during the Boston Tea Party?

I'd like to know 2 or 3 of the following 3 metrics: Actual value in the currency of the time (yes I realize that there were local currencies and in general FX concept was... hard to do). NPV ...
9
votes
2answers
2k views

Were the British Over-Taxing their 13 American Colonies?

The British levied several taxes on the American Colonists (13), which were at least part of the reason for the American Revolution. Were the British taxing the 13 colonies for more money than was ...