The South African Currency and Exchange Problem (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The South African Currency and Exchange Problem

The characteristic economic features of war have accentuated this order of things. A vast proportion of the productive energy of the belligerent nations was withdrawn from normal production owing to the men being needed in the fighting ranks. What remained of their productive energy was insufficient to meet the stupendous requirements for engines of war, the replacements due to destruction, and to provide for the maintenance of national self-existence. The belligerents were thus driven to the necessitv of: employ ing the productive energy of other nations to make up the deficiency. The peoples of the world became divided, so. To say. Into two sections - those who fought and those who produced for the purpose of feeding, clothing and equipping the fighters so that they might live and destroy. The production of goods by the belligerent nations being no longer sufficient to pay for the goods the non-belligerent nationsproduced for them, they were compelled to draw upon the accumulated and exchangeable store of wealth they possessed. As that became exhausted they pledged their future pro duction.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.