Three Letters On the Price of Gold Contributed to the Morning Chronicle London
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The Guinea and other Gold Coins have, notwithstanding, constantly passed since 1717, at the rate or value given them by the Mint in- dentures. " 24 David Ricardo " The two foregoing reasons clearly prove the opinion of the people of Great Britain on this subject, in their interior commerce and domestic concerns. I will in the next place shew what has been the opinion of foreign nations concern- ing it. " In the reign of King William the exchanges rose or fell according to the perfection or defe...ct of our silver coins. Before the recoinage in 1695, the exchanges with all foreign countries were 4s. In the pound against England, and with some of them considerably more. '"The same evil, however, has never existed since the year 1717, though our silver coins have, during all this interval, been very defective. But, on the other hand, our exchanges with foreign countries were very much influenced to our disadvantage, when our gold coins were defective, that is, previous to the reformation of our Gold Coins in the year 1774.
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To quickly assess the difficulty of the text, read a short excerpt:
The Guinea and other Gold Coins have, notwithstanding, constantly passed since 1717, at the rate or value given them by the Mint in- dentures. " 24 David Ricardo " The two foregoing reasons clearly prove the opinion of the people of Great Britain on this subject, in their interior commerce and domestic concerns. I will in the next place shew what has been the opinion of foreign nations concern- ing it. " In the reign of King William the exchanges rose or fell according to the perfection or defe...ct of our silver coins. Before the recoinage in 1695, the exchanges with all foreign countries were 4s. In the pound against England, and with some of them considerably more. '"The same evil, however, has never existed since the year 1717, though our silver coins have, during all this interval, been very defective. But, on the other hand, our exchanges with foreign countries were very much influenced to our disadvantage, when our gold coins were defective, that is, previous to the reformation of our Gold Coins in the year 1774.
What to read after Three Letters On the Price of Gold Contributed to the Morning Chronicle London?
You can find similar books in the "Read Also" column, or choose other free books by David Ricardo to read onlineMoreLess
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