The North American Review
The North American Review
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In our eReader you can find the full English version of the book. Read The North American Review 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 North American Review
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At the same time her net exports of silver from 1852 to 1864 were 1,726,000,000 francs. The silver exports ceased to exceed the imports during the next six years, when the relation of gold and silver was again oscillating around the legal ratio, and there were net silver imports of 562,000,000 francs. These> added to the great gold imports for nineteen years, and reduced by the net silver exports from 1852 to 1864, showed a net increase in the precious metals in France by the enormous sum of 3,...843,000,000 francs (1760,000,000), or a yearly average of 202,000,000 francs ($40,000,000). Several German states felt the force of the golden shower, in spite of some Digitized by VjOOQIC 653 THE NORTH AMERICAN REVIEW.
differences in their monetary systems, and thron^bout Europe and America the benefits of a substantial circulating medium, where there had been only an inadequate one, were felt with something of the force attributed to them in France by Prof.
J. B. Horn, in his brilliant work, " La Liberti des Banques .•*' " In those ammdisBemerUs and cantons where formerly the bill was a myth and the gold louls a phenomenon, himdreds of thonsandB of francs and even millions in specie and in bills are now in continuons rotation, pro- moting a movement of transactions which grow in intensity and extent day by day.
What to read after The North American Review?
You can find similar books in the "Read Also" column, or choose other free books by Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
At the same time her net exports of silver from 1852 to 1864 were 1,726,000,000 francs. The silver exports ceased to exceed the imports during the next six years, when the relation of gold and silver was again oscillating around the legal ratio, and there were net silver imports of 562,000,000 francs. These> added to the great gold imports for nineteen years, and reduced by the net silver exports from 1852 to 1864, showed a net increase in the precious metals in France by the enormous sum of 3,...843,000,000 francs (1760,000,000), or a yearly average of 202,000,000 francs ($40,000,000). Several German states felt the force of the golden shower, in spite of some Digitized by VjOOQIC 653 THE NORTH AMERICAN REVIEW.
differences in their monetary systems, and thron^bout Europe and America the benefits of a substantial circulating medium, where there had been only an inadequate one, were felt with something of the force attributed to them in France by Prof.
J. B. Horn, in his brilliant work, " La Liberti des Banques .•*' " In those ammdisBemerUs and cantons where formerly the bill was a myth and the gold louls a phenomenon, himdreds of thonsandB of francs and even millions in specie and in bills are now in continuons rotation, pro- moting a movement of transactions which grow in intensity and extent day by day.
What to read after The North American Review?
You can find similar books in the "Read Also" column, or choose other free books by Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge to read onlineMoreLess
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