The World of to-Day: Modern Finance (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from The World of to-Day: Modern Finance

But the use of money in any particular case, even in such a simple case as that of paying wages, presupposes a large number of operations through which the employer obtained the money with which he pays his workmen. It would be idle to attempt to trace the history of how any particular person obtained a particular sum of money. In order to understand the system of modern finance we must rather inquire into the general processes at work, and we must start from some point in the system which is comparatively simple, and which will be familiar to everyone. We can then trace the other operations which are more complicated and less familiar.

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