Principles of Political Economy volume 2
Principles of Political Economy volume 2
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In our eReader you can find the full English version of the book. Read Principles of Political Economy volume 2 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 Principles of Political Economy volume 2
What reading level is Principles of Political Economy volume 2 book?
To quickly assess the difficulty of the text, read a short excerpt:
One of the principal results was the Report of the Bullion Com- mittee, which though at first rejected ultimately led to the resumption of cash payments (1819).
The crisis of 1825-26 was preceded by a period of pros- perity marked by good harvests, good credit, a low rate of interest, and a general peace following a prolonged and general war. There was a rise in prices both of securities and commodities accompanied by over-speculation in com- panies and loans. The consequence was over-importati...on and a drain of gold. The Bank of England was com- pelled to borrow gold from the Bank of France and to make use of a number of one-pound notes which had been withheld from circulation. The remedy against a recur- rence of the evil was supposed to be found in the extension of branches of the Bank of England and in the establish- ment of joint-stock banks. What was really due to an inflation of prices was ascribed to a deficiency of currency and banking accommodation.
The crisis of 1837 was preceded by a period of low prices and steady quiet trade.
What to read after Principles of Political Economy volume 2?
You can find similar books in the "Read Also" column, or choose other free books by Nicholson, J. Shield (Joseph Shield), 1850-1927 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
One of the principal results was the Report of the Bullion Com- mittee, which though at first rejected ultimately led to the resumption of cash payments (1819).
The crisis of 1825-26 was preceded by a period of pros- perity marked by good harvests, good credit, a low rate of interest, and a general peace following a prolonged and general war. There was a rise in prices both of securities and commodities accompanied by over-speculation in com- panies and loans. The consequence was over-importati...on and a drain of gold. The Bank of England was com- pelled to borrow gold from the Bank of France and to make use of a number of one-pound notes which had been withheld from circulation. The remedy against a recur- rence of the evil was supposed to be found in the extension of branches of the Bank of England and in the establish- ment of joint-stock banks. What was really due to an inflation of prices was ascribed to a deficiency of currency and banking accommodation.
The crisis of 1837 was preceded by a period of low prices and steady quiet trade.
What to read after Principles of Political Economy volume 2?
You can find similar books in the "Read Also" column, or choose other free books by Nicholson, J. Shield (Joseph Shield), 1850-1927 to read onlineMoreLess
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