Monetary Problems And Reforms
Monetary Problems And Reforms
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In our eReader you can find the full English version of the book. Read Monetary Problems And Reforms 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 Monetary Problems And Reforms
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The panic of 1893 was the natural and inevitable result. It was followed as a necessity by the repeal of the silver purchase law, and the injection of legal-tender j)oison was stopped. It was only the injection, however, tliat was stopjjcd. No pro- vision was made for withdrawing the poison already in the arteries of business. That was lift to pollute the commercial system, and the reissue of notes and tokens after receipt or redemption went merrily on.
With a curious fatuity the very men who h...ad led the country into this condition insisted that a furtlu-r dose of the same medecine was needed, and demanded that the mints of the country should be thrown open to the free and imlimited coinage of legal-tender silver at a 44 MONETARY PROBLEMS AND REFORMS.
ratio that would put about one half of a gold dollar's worth of silver into the silver dollar. The proposition in effect was that when the government was struggling to maintain a limited amount of token silver at par, it should relieve itself of that burden by assuming the im- possible task of maintaining an unlimited amount.
What to read after Monetary Problems And Reforms?
You can find similar books in the "Read Also" column, or choose other free books by Charles H Charles Herbert Swan to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The panic of 1893 was the natural and inevitable result. It was followed as a necessity by the repeal of the silver purchase law, and the injection of legal-tender j)oison was stopped. It was only the injection, however, tliat was stopjjcd. No pro- vision was made for withdrawing the poison already in the arteries of business. That was lift to pollute the commercial system, and the reissue of notes and tokens after receipt or redemption went merrily on.
With a curious fatuity the very men who h...ad led the country into this condition insisted that a furtlu-r dose of the same medecine was needed, and demanded that the mints of the country should be thrown open to the free and imlimited coinage of legal-tender silver at a 44 MONETARY PROBLEMS AND REFORMS.
ratio that would put about one half of a gold dollar's worth of silver into the silver dollar. The proposition in effect was that when the government was struggling to maintain a limited amount of token silver at par, it should relieve itself of that burden by assuming the im- possible task of maintaining an unlimited amount.
What to read after Monetary Problems And Reforms?
You can find similar books in the "Read Also" column, or choose other free books by Charles H Charles Herbert Swan to read onlineMoreLess
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