The Functions of Money; a Handbook Dealing With the Subject in Its Practical, Theoretical, And Historical Aspects
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In our eReader you can find the full English version of the book. Read The Functions of Money; a Handbook Dealing With the Subject in Its Practical, Theoretical, And Historical Aspects 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 Functions of Money; a Handbook Dealing With the Subject in Its Practical, Theoretical, And Historical Aspects
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For a remarkable example of history repeating itself, however, the following account of the position in Morocco received by the author while these pages were being prepared, is illuminating. The silver money in Morocco had been withdrawn from circulation and in its stead paper notes issued, with the result that the dependence of the people on paper money subject to the extraordinary and, so far as the business man is concerned, inexplicable rises and falls in value, had a demoralizing effect. A... Morocco paper said^ " With no certainty of what the value of the paper might be to-morrow it seems useless to calculate cost with old-time precision, and prices payable in paper have in many cases been given that would scarcely have been reached if payment had to be made in something of approxi- mately stable value. Under existing conditions business has become so much of a gamble that it has attracted many without the means or experience to carry it on in ordinary times, and on these have fallen with special weight the lack of demand and fears of falling prices which have had such a disturbing effect in Morocco.
What to read after The Functions of Money; a Handbook Dealing With the Subject in Its Practical, Theoretical, And Historical Aspects?
You can find similar books in the "Read Also" column, or choose other free books by Spalding, William Frederick, 1879- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
For a remarkable example of history repeating itself, however, the following account of the position in Morocco received by the author while these pages were being prepared, is illuminating. The silver money in Morocco had been withdrawn from circulation and in its stead paper notes issued, with the result that the dependence of the people on paper money subject to the extraordinary and, so far as the business man is concerned, inexplicable rises and falls in value, had a demoralizing effect. A... Morocco paper said^ " With no certainty of what the value of the paper might be to-morrow it seems useless to calculate cost with old-time precision, and prices payable in paper have in many cases been given that would scarcely have been reached if payment had to be made in something of approxi- mately stable value. Under existing conditions business has become so much of a gamble that it has attracted many without the means or experience to carry it on in ordinary times, and on these have fallen with special weight the lack of demand and fears of falling prices which have had such a disturbing effect in Morocco.
What to read after The Functions of Money; a Handbook Dealing With the Subject in Its Practical, Theoretical, And Historical Aspects?
You can find similar books in the "Read Also" column, or choose other free books by Spalding, William Frederick, 1879- to read onlineMoreLess
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