Alexander Hamilton
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In our eReader you can find the full English version of the book. Read Alexander Hamilton 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 Alexander Hamilton
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From this constant necessity of borrowing and buying dear^ it is easy to conceive how immensely the expenses of a nation, in the course of time, will be augmented by an unsound state of the public credit. " Taking up the demonstration how closely the public credit is linked with the fortune of the individual, Hamilton points out that public securities are a part of the medium of exchange, that sound credit will extend trade by preventing the export of money, and that agriculture and manufacture...s will be pro- moted because "more capital can be com- manded to be employed in both, " and that the interest of money will be lowered.
Hamilton took up and punctured in his report several fallacies regarding the treat- ment of the debt which had obtained lodg- ment in the public mind and threatened to 52 ALEXANDER HAMILTON influence the action of Congress. One of these was that a distinction should be made between those holders of the debt to whom it was originally issued and those who had acquired it by purchase.
What to read after Alexander Hamilton?
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:
From this constant necessity of borrowing and buying dear^ it is easy to conceive how immensely the expenses of a nation, in the course of time, will be augmented by an unsound state of the public credit. " Taking up the demonstration how closely the public credit is linked with the fortune of the individual, Hamilton points out that public securities are a part of the medium of exchange, that sound credit will extend trade by preventing the export of money, and that agriculture and manufacture...s will be pro- moted because "more capital can be com- manded to be employed in both, " and that the interest of money will be lowered.
Hamilton took up and punctured in his report several fallacies regarding the treat- ment of the debt which had obtained lodg- ment in the public mind and threatened to 52 ALEXANDER HAMILTON influence the action of Congress. One of these was that a distinction should be made between those holders of the debt to whom it was originally issued and those who had acquired it by purchase.
What to read after Alexander Hamilton?
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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