The Question of Silver Comprising a Summary of Legislation in the United States
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In our eReader you can find the full English version of the book. Read The Question of Silver Comprising a Summary of Legislation in the United States 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 Question of Silver Comprising a Summary of Legislation in the United States
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To quickly assess the difficulty of the text, read a short excerpt:
But, gentlemen, this is not the case. The future is as uncertain as the present in the existing state of things ; and it is this uncertainty which impedes and prevents trade.
" For each commercial operation two calculations are necessary. The price of goods must first be calculated in gold, and the price of gold in silver; and for the latter there is no basis on which to go. It is just as if one had to buy cotton with gold in order to be in a position to buy wheat with cotton. In fact, it is no...thing but a kind of primitive barter.
THE QUESTION OF SILVER. 95 worthy only of an early civilization. In my opinion, then trade sustains an evil, and a very serious one. " The farmer's price for his products is regu- lated by the price he gets for his exportable surplus. The fall of the value of the dollar, caused by free coinage, would make nearly every price rise in proportion to that fall ex- cept the prices of the farmer's products. So that the farmer would have to meet the world- competition in price for what he sold, and yet pay an advanced price for everything he pur- chased.
What to read after The Question of Silver Comprising a Summary of Legislation in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Louis R Ehrich to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But, gentlemen, this is not the case. The future is as uncertain as the present in the existing state of things ; and it is this uncertainty which impedes and prevents trade.
" For each commercial operation two calculations are necessary. The price of goods must first be calculated in gold, and the price of gold in silver; and for the latter there is no basis on which to go. It is just as if one had to buy cotton with gold in order to be in a position to buy wheat with cotton. In fact, it is no...thing but a kind of primitive barter.
THE QUESTION OF SILVER. 95 worthy only of an early civilization. In my opinion, then trade sustains an evil, and a very serious one. " The farmer's price for his products is regu- lated by the price he gets for his exportable surplus. The fall of the value of the dollar, caused by free coinage, would make nearly every price rise in proportion to that fall ex- cept the prices of the farmer's products. So that the farmer would have to meet the world- competition in price for what he sold, and yet pay an advanced price for everything he pur- chased.
What to read after The Question of Silver Comprising a Summary of Legislation in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Louis R Ehrich to read onlineMoreLess
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