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The History of Bimetallism in the United States
By:J. Laurence Laughlin
Published on 2008-12-01 by

James Laurence Laughlin (1850-1933) was an American economist who helped in founding the Federal Reserve System. Laughlin received his PhD from Harvard University. His thesis regarded |Anglo-Saxon Legal Procedure.| A conservative, he generally subscribed to the economic theories of John Stuart Mill and opposed bimetallism. He was a member of the Indianapolis Monetary Commission, organized in 1897. From 1911 to 1913 he was chairman of the Executive Committee of the National Citizens League for the Promotion of a Sound Banking System. Under his efficient leadership the league contributed materially to removing the inertia and prejudice that had blocked the way to banking reform in the United States. In addition to teaching, he edited the Journal of Political Economy from 1892 to 1933. He advised various state and national governments on economic matters and wrote many important books on macroeconomics and monetary policy. His works include The History of Bimetallism in the United States (1886) and Banking Reform (1912).

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