Gold Production And Future Prices An Inquiry Into the Increased Production of G
Gold Production And Future Prices An Inquiry Into the Increased Production of G
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Hence the current phenomena of speculative booms in land, wheat, stocks, cotton, and all speculative commodities and securities.
THE INCREASING USE OF CREDIT TO PERFORM EXCHANGES As is well known those nations which are in a low state of commercial development have money 78 GOLD PRODUCTION consisting of metals and other substances, but few if any substitutes for money. In contrast, the manner in which a nation of advanced com- mercial development economizes in the use of the money metal is trul...y amazing.
Without special consideration of bank notes, greenbacks and other forms of paper money, on which public attention has been especially con- centrated, we come at once to that great substi- tute for gold which is found in the transfers of bank deposits. By means of clearing houses and of the books of the different banks, the debits and credits are set off against each other with the greatest facility.
But these deposits which serve even better as a medium of exchange than the gold itself, — even these deposits did not necessarily come into ex- istence by the deposit of actual money.
What to read after Gold Production And Future Prices An Inquiry Into the Increased Production of G?
You can find similar books in the "Read Also" column, or choose other free books by Harrison Hardy Brace to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Hence the current phenomena of speculative booms in land, wheat, stocks, cotton, and all speculative commodities and securities.
THE INCREASING USE OF CREDIT TO PERFORM EXCHANGES As is well known those nations which are in a low state of commercial development have money 78 GOLD PRODUCTION consisting of metals and other substances, but few if any substitutes for money. In contrast, the manner in which a nation of advanced com- mercial development economizes in the use of the money metal is trul...y amazing.
Without special consideration of bank notes, greenbacks and other forms of paper money, on which public attention has been especially con- centrated, we come at once to that great substi- tute for gold which is found in the transfers of bank deposits. By means of clearing houses and of the books of the different banks, the debits and credits are set off against each other with the greatest facility.
But these deposits which serve even better as a medium of exchange than the gold itself, — even these deposits did not necessarily come into ex- istence by the deposit of actual money.
What to read after Gold Production And Future Prices An Inquiry Into the Increased Production of G?
You can find similar books in the "Read Also" column, or choose other free books by Harrison Hardy Brace to read onlineMoreLess
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