Financial Economy An Equiry Into the Present State of Monetary Science V I
Financial Economy An Equiry Into the Present State of Monetary Science V I
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Upon the great influx of gold from California, prices of many commodities and several descriptions of property rose in several parts of the United 50 NATURAL HISTORY States; and a similar increase of prices took place in the years 1862, '3 and '4, in consequence of the increase of paper money. In both these instances the circulating money was a commodity; and al- though in the first instance the rise of prices was primarily caused by the increase of money made of gold and silver, in which the p...rices were expressed, and in the second instance it was caused by money made of paper, Mn which the prices were expressed, the fact was very plain that the increase of the com- modity called money produced in both instances the same effect (in kind but not in degree), upon prices of other commodities; the quantity of it in this country, was greater than the sum of money required to transact the business of the people, upon an exact equality with the sum of money in use among the nations having commercial relations with this country.
What to read after Financial Economy An Equiry Into the Present State of Monetary Science V I?
You can find similar books in the "Read Also" column, or choose other free books by John Eadie to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Upon the great influx of gold from California, prices of many commodities and several descriptions of property rose in several parts of the United 50 NATURAL HISTORY States; and a similar increase of prices took place in the years 1862, '3 and '4, in consequence of the increase of paper money. In both these instances the circulating money was a commodity; and al- though in the first instance the rise of prices was primarily caused by the increase of money made of gold and silver, in which the p...rices were expressed, and in the second instance it was caused by money made of paper, Mn which the prices were expressed, the fact was very plain that the increase of the com- modity called money produced in both instances the same effect (in kind but not in degree), upon prices of other commodities; the quantity of it in this country, was greater than the sum of money required to transact the business of the people, upon an exact equality with the sum of money in use among the nations having commercial relations with this country.
What to read after Financial Economy An Equiry Into the Present State of Monetary Science V I?
You can find similar books in the "Read Also" column, or choose other free books by John Eadie to read onlineMoreLess
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