International Finance And Its Reorganization
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In our eReader you can find the full English version of the book. Read International Finance And Its Reorganization 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 International Finance And Its Reorganization
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Dur- ing the year 1918 the total deposits in 48 of the leading savings banks, showed an increase of about 34 per cent, although the number of depositors had increased only 10 per cent.^' d. Increased profits in industry — ^Along with the rise in prices, profits in industry increased very largely. True, they were paper profits and in contrast with the prices of imported raw materials, the fictitious character of paper profits became apparent. For instance the General Electric Co. of Germany, who...se paid-up capital stock was mk. 200 million, had to purchase copper amount- ing to mk. 2 million daily, so that a lOO-day supply of copper was equivalent to the total capitalization of the company. That is, a sum supposed to be sufficient to build the entire plant could hardly purchase a three-months' supply of one raw material.** Furthermore, the large increases in capitalization which were necessary to maintain adequate working capital under rising prices, worked an injustice to the original shareholders who paid in gold marks.
What to read after International Finance And Its Reorganization?
You can find similar books in the "Read Also" column, or choose other free books by Elisha Michael Friedman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Dur- ing the year 1918 the total deposits in 48 of the leading savings banks, showed an increase of about 34 per cent, although the number of depositors had increased only 10 per cent.^' d. Increased profits in industry — ^Along with the rise in prices, profits in industry increased very largely. True, they were paper profits and in contrast with the prices of imported raw materials, the fictitious character of paper profits became apparent. For instance the General Electric Co. of Germany, who...se paid-up capital stock was mk. 200 million, had to purchase copper amount- ing to mk. 2 million daily, so that a lOO-day supply of copper was equivalent to the total capitalization of the company. That is, a sum supposed to be sufficient to build the entire plant could hardly purchase a three-months' supply of one raw material.** Furthermore, the large increases in capitalization which were necessary to maintain adequate working capital under rising prices, worked an injustice to the original shareholders who paid in gold marks.
What to read after International Finance And Its Reorganization?
You can find similar books in the "Read Also" column, or choose other free books by Elisha Michael Friedman to read onlineMoreLess
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