On the Probable Fall in the Value of Gold: the Commercial And Social Consequences Which May Ensue, And the Measures Which It Invites
On the Probable Fall in the Value of Gold: the Commercial And Social Consequences Which May Ensue, And the Measures Which It Invites
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OF THE INCBEASB OF GOLD MONEY WHICH MAY ARISE FROM THE DEVELOPMENT OF BUSINESS, AND THE INCREASE OP POPULATION. — OF WEAR AND TEAR. — OP HOARDING. — OP SHIPWRECKS.
I COME to the second of the outlets which have been indi- cated, and which I have denominated. above ; it relates to countries where the coinage is in a different state from that considered in the preceding chapter. According to those who maiut>ain that there will be no excess of supply beyond the demand for this metal, and that cons...equently a fell in its value is not probable, it is not only in those countries where at present there is little or no specie in cir- culation, and where there is a desire to escape from the 81 Te^me of paper money, that a large outlet will be afforded to the new gold for monetary purposes. All civilised coun- tries, those at least where gold is a legal tender, are to acquire a new supply, to be coined into money, for two reasons at least : — ^In the first place, the progress of commerce, and the constantly increasing number of transactions ; and next the growth of population.
What to read after On the Probable Fall in the Value of Gold: the Commercial And Social Consequences Which May Ensue, And the Measures Which It Invites?
You can find similar books in the "Read Also" column, or choose other free books by Chevalier, Michel, 1806-1879 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
OF THE INCBEASB OF GOLD MONEY WHICH MAY ARISE FROM THE DEVELOPMENT OF BUSINESS, AND THE INCREASE OP POPULATION. — OF WEAR AND TEAR. — OP HOARDING. — OP SHIPWRECKS.
I COME to the second of the outlets which have been indi- cated, and which I have denominated. above ; it relates to countries where the coinage is in a different state from that considered in the preceding chapter. According to those who maiut>ain that there will be no excess of supply beyond the demand for this metal, and that cons...equently a fell in its value is not probable, it is not only in those countries where at present there is little or no specie in cir- culation, and where there is a desire to escape from the 81 Te^me of paper money, that a large outlet will be afforded to the new gold for monetary purposes. All civilised coun- tries, those at least where gold is a legal tender, are to acquire a new supply, to be coined into money, for two reasons at least : — ^In the first place, the progress of commerce, and the constantly increasing number of transactions ; and next the growth of population.
What to read after On the Probable Fall in the Value of Gold: the Commercial And Social Consequences Which May Ensue, And the Measures Which It Invites?
You can find similar books in the "Read Also" column, or choose other free books by Chevalier, Michel, 1806-1879 to read onlineMoreLess
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