The Remains of Nathaniel Appleton Haven With a Memoir of His Life
The Remains of Nathaniel Appleton Haven With a Memoir of His Life
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In our eReader you can find the full English version of the book. Read The Remains of Nathaniel Appleton Haven With a Memoir of His Life 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 Remains of Nathaniel Appleton Haven With a Memoir of His Life
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To quickly assess the difficulty of the text, read a short excerpt:
And what difference does it make to the country, whether he exchanges his flour di rectly with an Englishman for cutlery ; or whether he first exchanges it with a Spaniard for silver, and then exchanges the silver with the Englishman ?
All trade is effected by barter ; and where there is no fraud, it is an exchange of equal values. The fair profits of trade arise from the additional value which a man is able to give to his merchandise. The merchant in Charleston who sends a bale of cotton to Pr...ovidence, confers upon it, by its transportation, an additional value. It is worth more at Providence than at Charleston ; and is therefore barter- 132 BALANCE OF TRADE.
ed for a greater quantity of merchandise, whether that merchandise be checks and ginghams, or ounces of silver. The only reason that the price of silver and gold does not vary as much as that of cotton, is, that being more durable in their nature they are not affected by crops and seasons, and being easy of transportation, it is not possible to give them a great additional value by carrying them from one country to another.
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To quickly assess the difficulty of the text, read a short excerpt:
And what difference does it make to the country, whether he exchanges his flour di rectly with an Englishman for cutlery ; or whether he first exchanges it with a Spaniard for silver, and then exchanges the silver with the Englishman ?
All trade is effected by barter ; and where there is no fraud, it is an exchange of equal values. The fair profits of trade arise from the additional value which a man is able to give to his merchandise. The merchant in Charleston who sends a bale of cotton to Pr...ovidence, confers upon it, by its transportation, an additional value. It is worth more at Providence than at Charleston ; and is therefore barter- 132 BALANCE OF TRADE.
ed for a greater quantity of merchandise, whether that merchandise be checks and ginghams, or ounces of silver. The only reason that the price of silver and gold does not vary as much as that of cotton, is, that being more durable in their nature they are not affected by crops and seasons, and being easy of transportation, it is not possible to give them a great additional value by carrying them from one country to another.
What to read after The Remains of Nathaniel Appleton Haven With a Memoir of His Life?
You can find similar books in the "Read Also" column, or choose other free books by Nathaniel Appleton Haven to read onlineMoreLess
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