England in 1815 And 1845 Or a Sufficient And a Contracted Currency
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; while, if it had kept pace with the exports, it would have been 120, 000, 000?. ; if it had kept pace with the imports, it would have been 96, 000, 000?. ; if it had kept pace with shipping, 94, 000, 000?. ; and if it had kept pace with the population, 72, 000, 000?. * So prodigious a contraction, at a * In the subjoined most curious and instructive table, the I 66 ENGLAND time when the national transactions and wants, as measured by the exports, imports, shipping, and population, were so rap...idly increasing, necessarily produced incalculable private suffering, an enor- mous augmentation of debts, and diminution of the prices of all sorts of produce, and the most ruinous financial embarassments. It has been the cause of the revenue, raised by indirect taxation, constantly sinking, despite the increase of population and in- dustry, until at length the war income-tax became unavoidable ; it has practically extinguished the sinking fund, and rendered the debt of 750, 000, 000^. A hopeless burden on the country; and it has added at least forty per cent, to the debts of every man burdened with money engagements within it.
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To quickly assess the difficulty of the text, read a short excerpt:
; while, if it had kept pace with the exports, it would have been 120, 000, 000?. ; if it had kept pace with the imports, it would have been 96, 000, 000?. ; if it had kept pace with shipping, 94, 000, 000?. ; and if it had kept pace with the population, 72, 000, 000?. * So prodigious a contraction, at a * In the subjoined most curious and instructive table, the I 66 ENGLAND time when the national transactions and wants, as measured by the exports, imports, shipping, and population, were so rap...idly increasing, necessarily produced incalculable private suffering, an enor- mous augmentation of debts, and diminution of the prices of all sorts of produce, and the most ruinous financial embarassments. It has been the cause of the revenue, raised by indirect taxation, constantly sinking, despite the increase of population and in- dustry, until at length the war income-tax became unavoidable ; it has practically extinguished the sinking fund, and rendered the debt of 750, 000, 000^. A hopeless burden on the country; and it has added at least forty per cent, to the debts of every man burdened with money engagements within it.
What to read after England in 1815 And 1845 Or a Sufficient And a Contracted Currency?
You can find similar books in the "Read Also" column, or choose other free books by Archibald Alison to read onlineMoreLess
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