If Not Silver, What?
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Forty years later it had only increased 90 per cent. , amounting in 1840 to $2, 865, 000, 000, and in that year there were in allthe world but 4, 315 miles of railroad and no electric telegraph. The totalhorse-power of all the steamships of the world was but 330, 000, and thecarrying power of all the shipping but 10, 482, 000 tons. To-day theinternational commerce of the world is almost $20, 000, 000, 000, andincreasing at the rate of $1, 000, 000, 000 per year; there are in the worldover 400, ...000 miles of railway and a very much greater mileage of magnetictelegraph, including 14 intercontinental cables; the ocean tonnage ofGreat Britain alone is very much greater than was that of the whole worldin 1840; and tremendous as this increase of international trade has been, it is the merest trifle compared with the increase of the internal tradein several of the greater nations.
What then has caused the "great depreciation"? Nothing has caused it. There has been but a trifling depreciation indeed.
What to read after If Not Silver, What??
You can find similar books in the "Read Also" column, or choose other free books by Bookwalter John W. to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Forty years later it had only increased 90 per cent. , amounting in 1840 to $2, 865, 000, 000, and in that year there were in allthe world but 4, 315 miles of railroad and no electric telegraph. The totalhorse-power of all the steamships of the world was but 330, 000, and thecarrying power of all the shipping but 10, 482, 000 tons. To-day theinternational commerce of the world is almost $20, 000, 000, 000, andincreasing at the rate of $1, 000, 000, 000 per year; there are in the worldover 400, ...000 miles of railway and a very much greater mileage of magnetictelegraph, including 14 intercontinental cables; the ocean tonnage ofGreat Britain alone is very much greater than was that of the whole worldin 1840; and tremendous as this increase of international trade has been, it is the merest trifle compared with the increase of the internal tradein several of the greater nations.
What then has caused the "great depreciation"? Nothing has caused it. There has been but a trifling depreciation indeed.
What to read after If Not Silver, What??
You can find similar books in the "Read Also" column, or choose other free books by Bookwalter John W. to read onlineMoreLess
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