Verwandte Artikel zu Remarks on Currency and Banking: Having Reference to...
Remarks on Currency and Banking: Having Reference to the Present Derangement of the Circulating Medium in the United States (Classic Reprint) - Softcover
Inhaltsangabe
Excerpt from Remarks on Currency and Banking: Having Reference to the Present Derangement of the Circulating Medium in the United States
The laws of the United States establish the coinage and currency of both metals. By the law Of 1792, gold was estimated to be worth fifteen times its weight in silver, which was, at that time perhaps, an accurate estimate of the actual relative value of the two metals. Since that period a decided and permanent change has taken place in that respect in favor of gold; and by the law passed in 1834, our gold coinage and several foreign coins are made current in the proportion of six teen times their weight of silver.
The effect of this law is, to make an important change in our metallic currency. Previous to its passage, our whole currency consisted of silver; gold was merely merchandise, worth about five or six per cent. Above its legal valuation. Since 1834, gold has been constantly displacing silver, and is becoming the basis of our bank circulation.
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.
Reseña del editor
Excerpt from Remarks on Currency and Banking: Having Reference to the Present Derangement of the Circulating Medium in the United States
The laws of the United States establish the coinage and currency of both metals. By the law Of 1792, gold was estimated to be worth fifteen times its weight in silver, which was, at that time perhaps, an accurate estimate of the actual relative value of the two metals. Since that period a decided and permanent change has taken place in that respect in favor of gold; and by the law passed in 1834, our gold coinage and several foreign coins are made current in the proportion of six teen times their weight of silver.
The effect of this law is, to make an important change in our metallic currency. Previous to its passage, our whole currency consisted of silver; gold was merely merchandise, worth about five or six per cent. Above its legal valuation. Since 1834, gold has been constantly displacing silver, and is becoming the basis of our bank circulation.
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.
Reseña del editor
Excerpt from Remarks on Currency and Banking: Having Reference to the Present Derangement of the Circulating Medium in the United States
No apology would seem to be necessary for publishing an essay on Currency and Banking. The derangement of our currency has brought the subject home to every man's business and bosom with an intensity which has made it the engrossing topic of the country. It is however a subject of great difficulty; as a science it is abstruse and recondite. In practical application, we find every possible variety of opinion; the great obstacle to the restoration of a sound currency is believed to be an erroneous public opinion. - In the hopes of doing something in reforming erroneous views the present slight and hasty sketch is offered. The object is to present those principles which have the sanction of the best writers on the subject and which all experience is believed to confirm, in a form to be applied to the present condition of the country.
Unfortunately the subject has been connected with the party politics of the day. Nothing can be more unfavorable to the development of truth, on questions in political economy, than such a connection. A good deal which is false, with some admixture of truth, has been put forward by political partisans on either side. As it is the wish of the writer that the subject should be discussed on its own merits and free from such contaminating connection, he has avoided as much as possible all reference to the political parties of the day.
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.
„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.
Neu kaufen
Diesen Artikel anzeigen
EUR 19,01
Gratis für den Versand innerhalb von/der USA
Versandziele, Kosten & DauerWeitere beliebte Ausgaben desselben Titels
Suchergebnisse für Remarks on Currency and Banking: Having Reference to...
Beispielbild für diese ISBN
Remarks on Currency and Banking Having Reference to the Present Derangement of the Circulating Medium in the United States Classic Reprint
Anbieter: PBShop.store US, Wood Dale, IL, USA
Verkäuferbewertung 5 von 5 Sternen
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Artikel-Nr. LW-9781330659953
Anzahl: 15 verfügbar
Beispielbild für diese ISBN
Remarks on Currency and Banking Having Reference to the Present Derangement of the Circulating Medium in the United States Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Artikel-Nr. LW-9781330659953
Anzahl: 15 verfügbar