The New Golden Age And Influence of the Precious Metals Upon the World
The New Golden Age And Influence of the Precious Metals Upon the World
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In our eReader you can find the full English version of the book. Read The New Golden Age And Influence of the Precious Metals Upon the World 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 New Golden Age And Influence of the Precious Metals Upon the World
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20) : — " The proceedings of the Bank generate apprehensions, which tend to produce the evils of a money-panic. Everybody is hoarding. Money is said to be plentiful, but nobody will lend it; and Commerce, constituting the very sinews of the national strength, is crippled without an adequate cause, by the action of the Bank." Again — " Money is said to be plentiful in some quarters, but nobody will lend. Some banks that usually are ex- tremely liberal, refuse to lend at all ! " Thus, we repeat, ...trade and credit were sound, and no extra accommo- dation was needed or asked for by the commercial public : it was purely a failure of power on the part 356 ENTERPRISE IN EUROPE: of the banks to do their ordinary work which occasioned the severe pressure upon the national industry, — a pressure which the Bank of England did not stir a finger to obviate or lessen. Yet France, under a wiser system, contemporaneously passed through a similar drain of specie without any monetary crisis or sacrifice of the national industry and wellbeing.
What to read after The New Golden Age And Influence of the Precious Metals Upon the World?
You can find similar books in the "Read Also" column, or choose other free books by R H Robert Hogarth Patterson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
20) : — " The proceedings of the Bank generate apprehensions, which tend to produce the evils of a money-panic. Everybody is hoarding. Money is said to be plentiful, but nobody will lend it; and Commerce, constituting the very sinews of the national strength, is crippled without an adequate cause, by the action of the Bank." Again — " Money is said to be plentiful in some quarters, but nobody will lend. Some banks that usually are ex- tremely liberal, refuse to lend at all ! " Thus, we repeat, ...trade and credit were sound, and no extra accommo- dation was needed or asked for by the commercial public : it was purely a failure of power on the part 356 ENTERPRISE IN EUROPE: of the banks to do their ordinary work which occasioned the severe pressure upon the national industry, — a pressure which the Bank of England did not stir a finger to obviate or lessen. Yet France, under a wiser system, contemporaneously passed through a similar drain of specie without any monetary crisis or sacrifice of the national industry and wellbeing.
What to read after The New Golden Age And Influence of the Precious Metals Upon the World?
You can find similar books in the "Read Also" column, or choose other free books by R H Robert Hogarth Patterson to read onlineMoreLess
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