A History of Modern Banks of Issue, With An Account of the Economic Crises of the Nineteenth Century And the Crisis of 1907
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In our eReader you can find the full English version of the book. Read A History of Modern Banks of Issue, With An Account of the Economic Crises of the Nineteenth Century And the Crisis of 1907 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A History of Modern Banks of Issue, With An Account of the Economic Crises of the Nineteenth Century And the Crisis of 1907
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To quickly assess the difficulty of the text, read a short excerpt:
He had to gUess at the first element in his equation, and if he guessed wrongly absolute accuracy in 358 THE STATE BANKING SYSTEMS. 35g his further computations could not possibly yield a true result.
A new country, poor in specie and in loanable capital, is almost forced by the necessities of her situation to adopt monetary devices which would not be tolerated under better conditions. Some of these devices would be comparatively harmless if their true character were understood and they were us...ed with moderation ; but their tendency is mislead- ing and intoxicating to the average mind and they are usu- ally so abused as to offset the little benefit which might be derived from them. The most successful banking systems under State law in the United States were those of New York and New England, where the surplus capital of the country in the earlier days was concentrated. The least suc- cessful systems were in the newer and poorer sections of the country and they grew progressively worse as inexperience and poverty seemed to make more imperative the necessity for creating something out of nothing.
What to read after A History of Modern Banks of Issue, With An Account of the Economic Crises of the Nineteenth Century And the Crisis of 1907?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
He had to gUess at the first element in his equation, and if he guessed wrongly absolute accuracy in 358 THE STATE BANKING SYSTEMS. 35g his further computations could not possibly yield a true result.
A new country, poor in specie and in loanable capital, is almost forced by the necessities of her situation to adopt monetary devices which would not be tolerated under better conditions. Some of these devices would be comparatively harmless if their true character were understood and they were us...ed with moderation ; but their tendency is mislead- ing and intoxicating to the average mind and they are usu- ally so abused as to offset the little benefit which might be derived from them. The most successful banking systems under State law in the United States were those of New York and New England, where the surplus capital of the country in the earlier days was concentrated. The least suc- cessful systems were in the newer and poorer sections of the country and they grew progressively worse as inexperience and poverty seemed to make more imperative the necessity for creating something out of nothing.
What to read after A History of Modern Banks of Issue, With An Account of the Economic Crises of the Nineteenth Century And the Crisis of 1907?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
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