History of Coinage And Currency in the United States And the Perennial Contest for Sound Money
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In our eReader you can find the full English version of the book. Read History of Coinage And Currency in the United States And the Perennial Contest for Sound Money 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 History of Coinage And Currency in the United States And the Perennial Contest for Sound Money
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That the volume of money had actually increased in greater ratio than population, and that the growing use of credit instruments had added to the media of exchange.
2. That the fall in prices was due chieily, and probably wholly, to improved methods of production, and had no rela- tion to the demonetization.
3. That producers were also consumers, and hence had to pay less for commodities, so that relatively they were not injured by the fall in prices.
4. That the theory of having two standards ...was a delusion.
Only one thing could actually be a standard. That in fact gold was the only standard, silver being measured by it.
5. That free coinage meant depreciated money, than which no device was more potent in cheating both the producer and consumer. It would precipitate' the country upon a silver basis with gold at a fluctuating premium as in Mexico, not only contracting the volume of money, but causing untold injury to all interests.
6. That Europe would only be too glad to have the United States take up the silver burden alone, enhancing the value of its stock of silver, but would not follow the example.
What to read after History of Coinage And Currency in the United States And the Perennial Contest for Sound Money?
You can find similar books in the "Read Also" column, or choose other free books by A Barton Alonzo Barton Hepburn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That the volume of money had actually increased in greater ratio than population, and that the growing use of credit instruments had added to the media of exchange.
2. That the fall in prices was due chieily, and probably wholly, to improved methods of production, and had no rela- tion to the demonetization.
3. That producers were also consumers, and hence had to pay less for commodities, so that relatively they were not injured by the fall in prices.
4. That the theory of having two standards ...was a delusion.
Only one thing could actually be a standard. That in fact gold was the only standard, silver being measured by it.
5. That free coinage meant depreciated money, than which no device was more potent in cheating both the producer and consumer. It would precipitate' the country upon a silver basis with gold at a fluctuating premium as in Mexico, not only contracting the volume of money, but causing untold injury to all interests.
6. That Europe would only be too glad to have the United States take up the silver burden alone, enhancing the value of its stock of silver, but would not follow the example.
What to read after History of Coinage And Currency in the United States And the Perennial Contest for Sound Money?
You can find similar books in the "Read Also" column, or choose other free books by A Barton Alonzo Barton Hepburn to read onlineMoreLess
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