The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts
The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts
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In our eReader you can find the full English version of the book. Read The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts 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 Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts
What reading level is The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts book?
To quickly assess the difficulty of the text, read a short excerpt:
ir ITie emission of paper bills of credit in the New-England states was first no other than the anticipation of particular taxes ; but as the specie could not be produced to be ex- changed for them at all times when demanded, they could not avoid a depreciation. This depreciation virtually les- sened tlie quantity of medium, and created a necessity for a further emission ; whence it has happened that there never has been an instance of emitting bills but where they have been redeemed at a depre...ciated value, if redeemed at all.
New-Hampshire had paper money at all times before the year 1768. The situation and character of the people were changed for the better almost immediately on their having a regular, unfluctuating medium of commerce.
Rhode-Island being more out of the control of the gov- ernment of the mother country, has always had a paper medium, or a bank without stock. The effects are too ea- sily seen to need a comment.
The Bank of Genoa is the most ancient bank in Europe ; the date of its institution is not certainly known.
What to read after The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts?
You can find similar books in the "Read Also" column, or choose other free books by Sullivan, James to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
ir ITie emission of paper bills of credit in the New-England states was first no other than the anticipation of particular taxes ; but as the specie could not be produced to be ex- changed for them at all times when demanded, they could not avoid a depreciation. This depreciation virtually les- sened tlie quantity of medium, and created a necessity for a further emission ; whence it has happened that there never has been an instance of emitting bills but where they have been redeemed at a depre...ciated value, if redeemed at all.
New-Hampshire had paper money at all times before the year 1768. The situation and character of the people were changed for the better almost immediately on their having a regular, unfluctuating medium of commerce.
Rhode-Island being more out of the control of the gov- ernment of the mother country, has always had a paper medium, or a bank without stock. The effects are too ea- sily seen to need a comment.
The Bank of Genoa is the most ancient bank in Europe ; the date of its institution is not certainly known.
What to read after The Path to Riches: An Inquiry Into the Origin And Use of Money; And Into the Principles of Stocks & Banks. to Which Are Subjoined, Some Thoughts Respecting a Bank for the Commonwealth of Massachusetts?
You can find similar books in the "Read Also" column, or choose other free books by Sullivan, James to read onlineMoreLess
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