Good And Bad Trade An Inquiry Into the Causes of Trade Fluctuations
The book Good And Bad Trade An Inquiry Into the Causes of Trade Fluctuations was written by author Ralph George Hawtrey Here you can read free online of Good And Bad Trade An Inquiry Into the Causes of Trade Fluctuations book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Good And Bad Trade An Inquiry Into the Causes of Trade Fluctuations a good or bad book?
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Incidentally the importation of gold also stimulates domestic trade, so that the good harvest reacts favour- ably for the time being on the general state of trade in the country. But the contrary effect is experienced when the gold is sent abroad again later on and prices return to their old level. Just as an exceptionally good harvest necessitates the import of gold, so will an exceptionally poor harvest lead to the export of gold. And, of course, if pro- duction is checked or stimulated in an...y other way the effect is the same. For example, a prolonged labour dispute will diminish the financial needs of the industry affected. The industry will not be in a position to under- take new orders (which would involve new borrowings), and though loans already obtained for existing orders will in many cases have to be in part renewed, the employers will not be paying their usual weekly wages bills ; they will, on the whole, be able to diminish materially their outstanding indebtedness, and will draw much less cash than usual against their current accounts.
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