Mexico: Revolutionary Banknotes o...

Mexico: Revolutionary Banknotes of Chihuahua (1913-1917)

The Bill Board, a Numismatic Journey with Banknotes di Tim Baker

Note sull'episodio

The period of the Mexican Revolution spanning from 1913 to 1917 represents one of the most structurally complex eras of monetary emission in modern history. The financial architecture of the Mexican republic suffered a systemic shock following the overthrow of the Francisco I. Madero government by Victoriano Huerta in February 1913. As the conflict expanded, the traditional financial infrastructure deteriorated rapidly. In the northern state of Chihuahua, the escalating violence and political instability prompted civilians and commercial entities to hoard metallic currency, specifically silver coins. This phenomenon perfectly illustrated Gresham’s Law, an economic principle dictating that undervalued or "bad" currency drives intrinsically valuable or "good" currency out of circulation. The resulting absence of circulating coinage created an immed ... 

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