Still today, some see money as just a plaything, not to be taken too seriously. Others take it as seriously as a batter takes balls and strikes. You only get so many of each, and you'd best work them to your advantage, or you're OUT.
The idea is that The South (TM) didn't value capital as much as they valued land, from which they derived capital, as opposed to The North (TM) valuing capital and what it made possible. Southerners, like the English Patriots they came from, felt money was just something to spend, not to build on.
From various contemporary reading of the time I see that Southerners signed notes and passed them around like candy. They seemed unconcerned with the debts that they rang up; they could just sign more notes to cover costs. Reminds me of a certain federal government today.
Charles I in 1640s war, not his son Charles II. Charles I was beheaded by Cromwell. Years later Charles II had Cromwell’s body exhumed and had it posthumously decapitated! Revenge for the only execution of a British monarch.
"...the ephemeral value of money."
Still today, some see money as just a plaything, not to be taken too seriously. Others take it as seriously as a batter takes balls and strikes. You only get so many of each, and you'd best work them to your advantage, or you're OUT.
The idea is that The South (TM) didn't value capital as much as they valued land, from which they derived capital, as opposed to The North (TM) valuing capital and what it made possible. Southerners, like the English Patriots they came from, felt money was just something to spend, not to build on.
From various contemporary reading of the time I see that Southerners signed notes and passed them around like candy. They seemed unconcerned with the debts that they rang up; they could just sign more notes to cover costs. Reminds me of a certain federal government today.
Charles I in 1640s war, not his son Charles II. Charles I was beheaded by Cromwell. Years later Charles II had Cromwell’s body exhumed and had it posthumously decapitated! Revenge for the only execution of a British monarch.