IN THIS ISSUE
▶ By Pulak Prasad
▶ By Dror Goldberg
▶ By Howard Baker
▶ By Dael A . Norwood
▶ By Daniel C . Munson
▶ By Eric Brothers
IN THIS ISSUE
FEATURES
The magazine of the Museum of American Finance
in association with the Smithsonian Institution
Issue 145 • Spring 2023 ( ISSN 1520-4723 )
Kristin Aguilera Editor
12 What I Learned About Investing from Darwin
Applying the rules of natural selection to the world of investing .
▶ By Pulak Prasad
EDITORIAL ADVISORY BOARD
Howard A . Baker , Esq . Howard Baker Associates Lawrence A . Cunningham The George Washington University Peter C . Earle American Institute for Economic Research Brian Grinder Eastern Washington University Gregory DL Morris Freelance Journalist Susie Pak St . John ’ s University Arthur W . Samansky The Samansky Group Myles Thompson Columbia Business School Publishing Janice Traflet Bucknell University Robert E . Wright American Institute for Economic Research Jason Zweig The Wall Street Journal
ART DIRECTION Alan Barnett Design
16 Easy Money
The invention of modern currency in 1690 Massachusetts .
▶ By Dror Goldberg
20 50 Years of Exchange-Traded Options
Cboe marks its golden anniversary .
▶ By Howard Baker
24 Troubled Waters
How Americans ’ trade with China mixed opium with money .
▶ By Dael A . Norwood
MUSEUM STAFF David J . Cowen , President / CEO Kristin Aguilera , Deputy Director Robert Dinkelmann , IT / Technology Maura Ferguson , Director of Exhibits Sarah Poole , Collections Manager
Linda Rapacki , Managing Director of Visitor Services and Operations
Mindy Ross , Director , External Relations Ben Urizar , Assistant Director of Visitor Services
Copyright © 2023 by the Museum of American Finance , publisher . All rights reserved .
Financial History is the official membership magazine of the Museum of American Finance .
28 The Gold Standard and the Dakota War of 1862
Exploring the connection between one of the bloodiest events between the US government and Native Americans and US monetary history .
▶ By Daniel C . Munson
32 Saving British India
World war , international trade and the Pittman Act .
▶ By Eric Brothers
2 FINANCIAL HISTORY | Spring 2023 | www . MoAF . org