The Farmers Movement
The Farmers Movement
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In our eReader you can find the full English version of the book. Read The Farmers Movement 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 The Farmers Movement
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Mr. Chairman, I will add a few statistics and practical illustrations to prove my assertion that all farm produces have steadily declined in average value since the demonetization of silver in 1873, and that the purchasing power of gold has been increased thereby.
The production of gold of the world has declined from $150 000 000 per year to about $115, 000, 000, and is still declining.
In 1873, less than 75, 000, 000 of people of the world were actually on the gold standard.
Neither Holland, G...ermany, Italy, nor the United States had any, or if any, very little, gold in circulation in 1873.
Since 1873, thesn countries, aggregating about 150, 000, 000 of people, have taken more than twelve hundred millions of gold.
Between 1873 and 1882 they bought from gold using countries nearly one thou- sand millions of the gold they had accumulated; in other words, made them divide this gold stock with them.
Moreover, England has been extending the gold standard into South America, Egypt and other parts of Africa, resulting in an increase in the purchasing power of gold of at least 50 per cent.
What to read after The Farmers Movement?
You can find similar books in the "Read Also" column, or choose other free books by William Henry Hatch to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Mr. Chairman, I will add a few statistics and practical illustrations to prove my assertion that all farm produces have steadily declined in average value since the demonetization of silver in 1873, and that the purchasing power of gold has been increased thereby.
The production of gold of the world has declined from $150 000 000 per year to about $115, 000, 000, and is still declining.
In 1873, less than 75, 000, 000 of people of the world were actually on the gold standard.
Neither Holland, G...ermany, Italy, nor the United States had any, or if any, very little, gold in circulation in 1873.
Since 1873, thesn countries, aggregating about 150, 000, 000 of people, have taken more than twelve hundred millions of gold.
Between 1873 and 1882 they bought from gold using countries nearly one thou- sand millions of the gold they had accumulated; in other words, made them divide this gold stock with them.
Moreover, England has been extending the gold standard into South America, Egypt and other parts of Africa, resulting in an increase in the purchasing power of gold of at least 50 per cent.
What to read after The Farmers Movement?
You can find similar books in the "Read Also" column, or choose other free books by William Henry Hatch to read onlineMoreLess
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