The book The Silver Situation in the United States was written by author F W Frank William Taussig Here you can read free online of The Silver Situation in the United States book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Silver Situation in the United States a good or bad book?
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The money incomes of the managers of industry have shown the same upward movement as the money incomes of other classes in society. So long as this is the case, it is idle to talk of a depressing effect on enterprise from the fall in prices, or of a strangling of the industrial organism from insufificiency of the circulating medium. In fact, the immediate cause of the fall in prices has been the pushing on the market for sale of larger and larger quantities of commodities, produced with profit ...at lower and lower cost : a state of things fortunate for the community, and surely not depressing for the business man. No doubt the fall in prices has been depressing to those producers who were not so shrewd or so fortunate as to possess themselves of the improved means of production, and who have had to sell the same quantity of goods, brought to market at as high a cost as ever, at lower prices than before. But these unlucky or incompetent persons would have had to goto the wall in any case, whether 112 THE ARGUMENT FOR SILVER.
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