Money And Its Relations to Prices Being An Inquiry Into the Causes Measurement
Money And Its Relations to Prices Being An Inquiry Into the Causes Measurement
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Although, with the increasing output of silver, the ratio steadily became more favourable to gold, an alteration from 1 to 10 to 1 to 15| was not commensurate witli what might have been fairly ex- pected to follow on a change in the proportion of the total volume of production from 11 to 89 to 1 to 98, or in the total value from 57 to 43 to 23 to 76. It is im- possible not to ascribe some steadying influence to the 1 Cf. Shaw, " History of Currency, " p. 184.
- Ibid. , cf. Also Soetbeer : " Mat...erialien, " pt. Iii. , and J. Barr Robertson's paper in Statistical Journal for September, 1895. ' (jhapter iii.
The Rise of Prices after 1850. 163 large use of silver in the currencies of the world ; and it is at least noteworthy that the advance in the rel- ative value of gold to silvei- was not diffused evenly over the whole period, but occurred by what Dr. Soet- beer terms ^ a " quick and sudden " change between 1621 and 1650. From this he draws tlie natural in- ference that the change could not be attributed to the conditions of produc-tion, although he allows that tlie effects of the new discoveries of silver might have been postponed for a time.
What to read after Money And Its Relations to Prices Being An Inquiry Into the Causes Measurement?
You can find similar books in the "Read Also" column, or choose other free books by L L Langford Lovell Price to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Although, with the increasing output of silver, the ratio steadily became more favourable to gold, an alteration from 1 to 10 to 1 to 15| was not commensurate witli what might have been fairly ex- pected to follow on a change in the proportion of the total volume of production from 11 to 89 to 1 to 98, or in the total value from 57 to 43 to 23 to 76. It is im- possible not to ascribe some steadying influence to the 1 Cf. Shaw, " History of Currency, " p. 184.
- Ibid. , cf. Also Soetbeer : " Mat...erialien, " pt. Iii. , and J. Barr Robertson's paper in Statistical Journal for September, 1895. ' (jhapter iii.
The Rise of Prices after 1850. 163 large use of silver in the currencies of the world ; and it is at least noteworthy that the advance in the rel- ative value of gold to silvei- was not diffused evenly over the whole period, but occurred by what Dr. Soet- beer terms ^ a " quick and sudden " change between 1621 and 1650. From this he draws tlie natural in- ference that the change could not be attributed to the conditions of produc-tion, although he allows that tlie effects of the new discoveries of silver might have been postponed for a time.
What to read after Money And Its Relations to Prices Being An Inquiry Into the Causes Measurement?
You can find similar books in the "Read Also" column, or choose other free books by L L Langford Lovell Price to read onlineMoreLess
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