Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist
Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist
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In our eReader you can find the full English version of the book. Read Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist 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 Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist
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The function of a currency is not only to facilitate trade as an end in itself, but, by furthering exchanges, to I favor the division of labor as far as industrial reasons / exist for its extension. The lack of trade relations with the commercial world prior to the gold discovery, as well as the sluggish condition of domestic trade, had imposed a penalty on effort more specialized than want. The artisan who applied himself to a single trade usually had to rely on the "coincidence of barter" for... the proper disposition of his product and the satisfaction of his wants. With an adequate currency to facilitate the diffusion of products, workers were enabled to dis- pose of the fruits of their own industry, however varied, provided only they were fitted to satisfy an existing want, and with the proceeds could command at con-j venient seasons and in suitable form and quantity the products of other labor. The presence of money in abundance stimulated import trade because it created an alertness to put forward something which would buy gold; and it acted in a similar way toward domestic in- dustry by constituting a spur to production as well as importation.
What to read after Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist?
You can find similar books in the "Read Also" column, or choose other free books by James Henry Gilbert to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The function of a currency is not only to facilitate trade as an end in itself, but, by furthering exchanges, to I favor the division of labor as far as industrial reasons / exist for its extension. The lack of trade relations with the commercial world prior to the gold discovery, as well as the sluggish condition of domestic trade, had imposed a penalty on effort more specialized than want. The artisan who applied himself to a single trade usually had to rely on the "coincidence of barter" for... the proper disposition of his product and the satisfaction of his wants. With an adequate currency to facilitate the diffusion of products, workers were enabled to dis- pose of the fruits of their own industry, however varied, provided only they were fitted to satisfy an existing want, and with the proceeds could command at con-j venient seasons and in suitable form and quantity the products of other labor. The presence of money in abundance stimulated import trade because it created an alertness to put forward something which would buy gold; and it acted in a similar way toward domestic in- dustry by constituting a spur to production as well as importation.
What to read after Trade And Currency in Early Oregon a Study in the Commercial And Monetary Hist?
You can find similar books in the "Read Also" column, or choose other free books by James Henry Gilbert to read onlineMoreLess
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