The Story of Money. a Science Hand-Book of Money Questions
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In our eReader you can find the full English version of the book. Read The Story of Money. a Science Hand-Book of Money Questions 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 Story of Money. a Science Hand-Book of Money Questions
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Not one of them to be seen ; all sold and exported. ' ' 77- SILVER THROWN OUT BY PRESIDENT ANDREW JACKSON.
President Andrew Jackson, June 28, 1834, signed a bill the purpose of which was to put an end to conditions of coinage which had made the United States mint, to use Mr. Upton's words, "a most 9 6 ridiculous and absurd institution. ' ' The bill altered the ratio from 15 to i to 16 to i. There was no gold in circulation and only about eight millions of fractional silver. The United States Ba...nk had some $13, 000, 000 of its notes in circulation. The new bill was expected to provide gold, and at the same time get rid of the bank. The actual result was to make a complete riddance of our silver. The ratio 16 to i was borrowed from Mexico, through the proposal of Senator Thomas H. Benton, and against the advice of financial experts, who put the market rate at 15 5-8. The result of this 1 6 to i ratio was to make the silver coin, even more than before, worth more to sell than to keep in use as money.
What to read after The Story of Money. a Science Hand-Book of Money Questions?
You can find similar books in the "Read Also" column, or choose other free books by E C Edward Cornelius Towne to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Not one of them to be seen ; all sold and exported. ' ' 77- SILVER THROWN OUT BY PRESIDENT ANDREW JACKSON.
President Andrew Jackson, June 28, 1834, signed a bill the purpose of which was to put an end to conditions of coinage which had made the United States mint, to use Mr. Upton's words, "a most 9 6 ridiculous and absurd institution. ' ' The bill altered the ratio from 15 to i to 16 to i. There was no gold in circulation and only about eight millions of fractional silver. The United States Ba...nk had some $13, 000, 000 of its notes in circulation. The new bill was expected to provide gold, and at the same time get rid of the bank. The actual result was to make a complete riddance of our silver. The ratio 16 to i was borrowed from Mexico, through the proposal of Senator Thomas H. Benton, and against the advice of financial experts, who put the market rate at 15 5-8. The result of this 1 6 to i ratio was to make the silver coin, even more than before, worth more to sell than to keep in use as money.
What to read after The Story of Money. a Science Hand-Book of Money Questions?
You can find similar books in the "Read Also" column, or choose other free books by E C Edward Cornelius Towne to read onlineMoreLess
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