A Treatise On the Coins of the Realm in a Letter to the King
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Mr. Locke ap- pears to have been of this opinion. See his answer to Mr. Lowndes.
therefore of a bolder character. King Edward, by one proclamation, brought into circulation all the Gold Coin that had been hoarded; and, by two subsequent pro- clamations, he in a very short space of time decried the whole of the Silver Coin then in currency, to half the nominal value, at which it had hitherto passed. Queen Elizabeth indeed, after an interval of seven years, further decried what remained of this d...ebased Money, in a much smaller degree indeed, but upon better prin- ciples. It is evident, however, that she took this measure with a view of bringing these debased Coins to her Mint, without any loss to her revenue ; and, for this purpose, she soon afterwards declared, that they should be no longer current. The principles, on which King Edward acted, laid the foundation for every future step in the proceeding ; but it was his misfortune, that he did not live long enough to carry his plan fully into execution.
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. Locke ap- pears to have been of this opinion. See his answer to Mr. Lowndes.
therefore of a bolder character. King Edward, by one proclamation, brought into circulation all the Gold Coin that had been hoarded; and, by two subsequent pro- clamations, he in a very short space of time decried the whole of the Silver Coin then in currency, to half the nominal value, at which it had hitherto passed. Queen Elizabeth indeed, after an interval of seven years, further decried what remained of this d...ebased Money, in a much smaller degree indeed, but upon better prin- ciples. It is evident, however, that she took this measure with a view of bringing these debased Coins to her Mint, without any loss to her revenue ; and, for this purpose, she soon afterwards declared, that they should be no longer current. The principles, on which King Edward acted, laid the foundation for every future step in the proceeding ; but it was his misfortune, that he did not live long enough to carry his plan fully into execution.
What to read after A Treatise On the Coins of the Realm in a Letter to the King?
You can find similar books in the "Read Also" column, or choose other free books by Charles Jenkinson Liverpool to read onlineMoreLess
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