The Future of the Limping Standard
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In our eReader you can find the full English version of the book. Read The Future of the Limping Standard 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 Future of the Limping Standard
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In a country inaugurating a Hmping standard system under present conditions, no such wide departure of the bullion value of the silver coins from their face value need be permitted as has come about in France and the United States. When Japan adopted the gold standard in 1897, the ratio between gold and silver was fixed near the market ratio of the two metals. ' This took away any unusual temptation for counterfeiting, and per- mitted the resumption of gold payments without disturbing the relat...ion of prices and -contracts existing at the time. A similar policy was that recommended by the House Committee on In- sular Affairs in the Fifty-seventh Congress, for adoption in the Philippine Islands. Mr. Cooper, the Chairman of that Commit- tee, said regarding the proposed coinage plan : ^ The proposed coin would be of substantially the same size as the coins now in use in the Philippines. It is made somewhat lighter than the Mexican silver dollar, in order to prevent its rising above fifty cents in gold in case of a considerable rise in the gold value of silver bullion.
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You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In a country inaugurating a Hmping standard system under present conditions, no such wide departure of the bullion value of the silver coins from their face value need be permitted as has come about in France and the United States. When Japan adopted the gold standard in 1897, the ratio between gold and silver was fixed near the market ratio of the two metals. ' This took away any unusual temptation for counterfeiting, and per- mitted the resumption of gold payments without disturbing the relat...ion of prices and -contracts existing at the time. A similar policy was that recommended by the House Committee on In- sular Affairs in the Fifty-seventh Congress, for adoption in the Philippine Islands. Mr. Cooper, the Chairman of that Commit- tee, said regarding the proposed coinage plan : ^ The proposed coin would be of substantially the same size as the coins now in use in the Philippines. It is made somewhat lighter than the Mexican silver dollar, in order to prevent its rising above fifty cents in gold in case of a considerable rise in the gold value of silver bullion.
What to read after The Future of the Limping Standard?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
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