The Rise of Commercial Banking Institutions in the United States
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In our eReader you can find the full English version of the book. Read The Rise of Commercial Banking Institutions 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 Rise of Commercial Banking Institutions in the United States
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F As soon as the war closed "all possibility of success in manufactures, " says Bishop, "was for a time excluded by the superabundance of foreign goods, some of which sold twenty-five per cent cheaper than in London. ";): Great numbers of English shop- keepers, traders and factors rushed into the country and tempted the merchants to go into debt. The English mer- * Noah Webster, Banks.
t Bishop, I, 396; Weeden, II, 848.
| Bishop, 395.
McMaster, I, 255.
58 RISE OF COMMERCIAL BANKING chants, beli...eving that trade would soon return to its old channels, gave unlimited credit and as the colonial merchants imported freely, the market soon became overstocked. * These heavy imports could not continue, for the natural means of payment were again precluded by England's short sighted policy of trade restrictions. Heavy import duties were laid on all American exports f with the result that the ex- ports to England remained very small, and since the ports of other European countries had so long been closed to American shipping, they too furnished little demand for American goods.
What to read after The Rise of Commercial Banking Institutions in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Adolph Oscar Eliason to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
F As soon as the war closed "all possibility of success in manufactures, " says Bishop, "was for a time excluded by the superabundance of foreign goods, some of which sold twenty-five per cent cheaper than in London. ";): Great numbers of English shop- keepers, traders and factors rushed into the country and tempted the merchants to go into debt. The English mer- * Noah Webster, Banks.
t Bishop, I, 396; Weeden, II, 848.
| Bishop, 395.
McMaster, I, 255.
58 RISE OF COMMERCIAL BANKING chants, beli...eving that trade would soon return to its old channels, gave unlimited credit and as the colonial merchants imported freely, the market soon became overstocked. * These heavy imports could not continue, for the natural means of payment were again precluded by England's short sighted policy of trade restrictions. Heavy import duties were laid on all American exports f with the result that the ex- ports to England remained very small, and since the ports of other European countries had so long been closed to American shipping, they too furnished little demand for American goods.
What to read after The Rise of Commercial Banking Institutions in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Adolph Oscar Eliason to read onlineMoreLess
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