The History And Methods of the Paris Bourse
The History And Methods of the Paris Bourse
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In our eReader you can find the full English version of the book. Read The History And Methods of the Paris Bourse 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 History And Methods of the Paris Bourse
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It is somewhat important to explain the physiology of this phenomenon.
A paper currency is circulated by a government. It is circulated in such quantities that it depreciates in the minds of those who receive it. With this money, too, it will be necessary to buy the most essential necessities, and the purchasers of these necessities will find themselves facing sellers.
If, by hypothesis, the seller of commodities is obliged to specify the price in a paper money whose depreciation he is fearing,... how will he protect himself? By raising his price so that he will have much paper, with the result that this paper will guarantee him by its quantity against the consequent effects of depreciation.
Whence the first phenomenon with its double aspect: The rise in the price of commodities along with the fall of paper.
Now, if the seller whom we have seen receiving much paper, sees that it depreciates again while in his hands, it will not be long before he will notice that gold is the metal with which one pays abroad for purchased com- modiites, and* that he who holds gold, is safer than the holder of bills, which depreciate while in his hands.
What to read after The History And Methods of the Paris Bourse?
You can find similar books in the "Read Also" column, or choose other free books by Emmanuel Vidal to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is somewhat important to explain the physiology of this phenomenon.
A paper currency is circulated by a government. It is circulated in such quantities that it depreciates in the minds of those who receive it. With this money, too, it will be necessary to buy the most essential necessities, and the purchasers of these necessities will find themselves facing sellers.
If, by hypothesis, the seller of commodities is obliged to specify the price in a paper money whose depreciation he is fearing,... how will he protect himself? By raising his price so that he will have much paper, with the result that this paper will guarantee him by its quantity against the consequent effects of depreciation.
Whence the first phenomenon with its double aspect: The rise in the price of commodities along with the fall of paper.
Now, if the seller whom we have seen receiving much paper, sees that it depreciates again while in his hands, it will not be long before he will notice that gold is the metal with which one pays abroad for purchased com- modiites, and* that he who holds gold, is safer than the holder of bills, which depreciate while in his hands.
What to read after The History And Methods of the Paris Bourse?
You can find similar books in the "Read Also" column, or choose other free books by Emmanuel Vidal to read onlineMoreLess
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