The Indian Silver Currency An Historical And Economic Study
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The fall in the value of silver, to go on, has made it possible for countries using silver to offer their articles of export on the European market at lower prices than those at which they could formerly furnish them, since their cost of production, reckoned in silver, remained unchanged ; on the other hand they received by sale in foreign countries payment in a gold medium, which, in consequence of the change in the relative values of the two metals amounts to a greater quantity of silver mone...y than in the earlier period. The supply of articles for exportation to silver- using countries has, therefore, depressed their price in the world's markets. Vice versa, the cessation of exportation to silver-using countries must exercise a certain depressing influence on the price of articles of export in the gold-using countries. " It then became possible, through this shifting of prices, for the Indian producer to extend his exports at the expense of the producer in gold-using countries, but the importation into silver- using countries by the latter [i.
What to read after The Indian Silver Currency An Historical And Economic Study?
You can find similar books in the "Read Also" column, or choose other free books by Karl Ellstaetter to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The fall in the value of silver, to go on, has made it possible for countries using silver to offer their articles of export on the European market at lower prices than those at which they could formerly furnish them, since their cost of production, reckoned in silver, remained unchanged ; on the other hand they received by sale in foreign countries payment in a gold medium, which, in consequence of the change in the relative values of the two metals amounts to a greater quantity of silver mone...y than in the earlier period. The supply of articles for exportation to silver- using countries has, therefore, depressed their price in the world's markets. Vice versa, the cessation of exportation to silver-using countries must exercise a certain depressing influence on the price of articles of export in the gold-using countries. " It then became possible, through this shifting of prices, for the Indian producer to extend his exports at the expense of the producer in gold-using countries, but the importation into silver- using countries by the latter [i.
What to read after The Indian Silver Currency An Historical And Economic Study?
You can find similar books in the "Read Also" column, or choose other free books by Karl Ellstaetter to read onlineMoreLess
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