Some Phases of Finance During the Great War
Some Phases of Finance During the Great War
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In our eReader you can find the full English version of the book. Read Some Phases of Finance During the Great War 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 Some Phases of Finance During the Great War
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The inequalities are evened by the bill-brokers, who, through their correspondents, comb the marts of the world for bills to buy and sell, and thus offset a deficit in one place by a surplus in another. But there are times and places where the inequalities are per- 13 sistent and these are evened by the use of finance bills, which are artificial bills of exchange drawn, not against goods sold, but against money lent. At the bottom a finance bill represents money advanced by centers rich to cent...ers poor in capital to trade with. But while resting on the flow of trade in their outer form, they really mean, looked at in the long run, since they are regularly renewed, an advance or loan of money for a rather long period in effect, an investment loan, but callable. Thus, Sweden and Norway, for example, usually have a good deal of money advanced in this way by the London bankers. The reason for that is that in those countries capital can find better use in development of natural resources than in trade, while the London capitalist is content with the smaller return of capital in trade.
What to read after Some Phases of Finance During the Great War?
You can find similar books in the "Read Also" column, or choose other free books by Plehn, Carl C. (Carl Copping), 1867- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The inequalities are evened by the bill-brokers, who, through their correspondents, comb the marts of the world for bills to buy and sell, and thus offset a deficit in one place by a surplus in another. But there are times and places where the inequalities are per- 13 sistent and these are evened by the use of finance bills, which are artificial bills of exchange drawn, not against goods sold, but against money lent. At the bottom a finance bill represents money advanced by centers rich to cent...ers poor in capital to trade with. But while resting on the flow of trade in their outer form, they really mean, looked at in the long run, since they are regularly renewed, an advance or loan of money for a rather long period in effect, an investment loan, but callable. Thus, Sweden and Norway, for example, usually have a good deal of money advanced in this way by the London bankers. The reason for that is that in those countries capital can find better use in development of natural resources than in trade, while the London capitalist is content with the smaller return of capital in trade.
What to read after Some Phases of Finance During the Great War?
You can find similar books in the "Read Also" column, or choose other free books by Plehn, Carl C. (Carl Copping), 1867- to read onlineMoreLess
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