Essentials of Economics

Krugman, Paul; Wells, Robin

4th ed.

New York: Worth Publishers, Macmillan Learning, 2017

p. 330

Government Health Insurance Table 11-5 shows the breakdown of health insurance coverage across the U.S. population in 2014. A majority of Americans, nearly 175 million people, received health insurance through their employers. The majority of those who didn’t have private insurance were covered by two government programs, Medicare and Medicaid.

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p. 512

The U.S. government began issuing official paper money, called "greenbacks," in 1862 as a way to pay for the ongoing Civil War. At first greenbacks had no fixed value in terms of commodities. After 1873, the U.S. government guaranteed the value of a dollar in terms of gold, effectively turning dollars into commodity-backed money.

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