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... ose who wanted grain instead of money, for food remained of paramount importance.

Food prices had dropped. A four or five gram gold necklace could now be sold for more than ten dollars, and a silver dollar was worth ninety cents. Both were lower than the bank’s purchase price, unlike before when it took several silver dollars to exchange for a pound of fine grain or several pounds of coarse grain.

Jewelry and jades that banks refused to accept were still deemed worthless in the b ...

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