Fiat money gold and silver coins from France. Eventually, the Governor of New France acknowledged their useful role as a circulating medium of exchange. As the finances of the French government deteriorated because of European wars, it reduced its financial support for its colonies, so the colonial authorities in Canada relied more and more on card money. By 1757, the government had discontinued all payments in coin and payments were made in paper instead. In an application of Gresham’s Law – bad money drives out good – people hoarded gold and silver, and used paper money instead. The costs of the war
The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins is the first album by English punk rock/Oi! band, The 4-Skins. Released in June 1982 on Secret Records, the album topped the UK independent and punk charts, and entered the Top 100 of the UK Albums Chart. Side A of the original LP contained studio recordings, and Side B featured live versions of several previously released songs. The album was later combined with follow-up release, "A Fistful Of...4-Skins" (omitting the track "One Law for Them" due to space limitations) and released on a single CD by