The Money Problem (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The Money Problem

Up to that time, business in the United States had been fairly prosperous, and the monthly addition of several millions Of dollars to the currency, provided by the Sherman Silver Purchasing Act, increased the facilities required by the nation's growing industries. But these facilities were viewed with great disfavour by the banks, since they served to lessen the demand for bank credit - upon which bankers thrive. To their complaints and direful prophecies thebusiness community paid little heed, since the Treasury Silver notes were circulating as readily as Gold notes. From neither of the two great political parties could the banks expect any sympathy or support. One course only remained, and that was to capture the successful candidate for the Presidency and depend upon his influence to procure the necessary legislation.

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