American Finance Part First Domestic
American Finance Part First Domestic
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In our eReader you can find the full English version of the book. Read American Finance Part First Domestic 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 American Finance Part First Domestic
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These have been down to 2 per cent in Wall Street, and up to 125 per cent if not higher. Both the minimum and the maximum are without parallel anywhere else. And New York is the last place in the world where either of them should have occurred. The immense volume of its current business ought to have prevented excessively low rates, while the huge mass of money in circulation should, 120 Book il. — Its Organisation.
if prudently handled, have made sensational stringency impossible. Yet they bot...h occurred within a few months of each other, and Wall Street, which should know best what caused them, has as yet been able to suggest only one explanation — inelastic currency.
There are, however, few people who accept that explanation unreservedly, and feel satisfied with it. The American people as a whole have little confidence in it. Outside of a special circle, American bankers are openly sceptical about it. Foreign authorities have almost unanimously declared against it. There is a prima facie case against a three billion dollar currency ever being fully utilised by any single nation, however large and prosperous.
What to read after American Finance Part First Domestic?
You can find similar books in the "Read Also" column, or choose other free books by W R William Ramage Lawson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These have been down to 2 per cent in Wall Street, and up to 125 per cent if not higher. Both the minimum and the maximum are without parallel anywhere else. And New York is the last place in the world where either of them should have occurred. The immense volume of its current business ought to have prevented excessively low rates, while the huge mass of money in circulation should, 120 Book il. — Its Organisation.
if prudently handled, have made sensational stringency impossible. Yet they bot...h occurred within a few months of each other, and Wall Street, which should know best what caused them, has as yet been able to suggest only one explanation — inelastic currency.
There are, however, few people who accept that explanation unreservedly, and feel satisfied with it. The American people as a whole have little confidence in it. Outside of a special circle, American bankers are openly sceptical about it. Foreign authorities have almost unanimously declared against it. There is a prima facie case against a three billion dollar currency ever being fully utilised by any single nation, however large and prosperous.
What to read after American Finance Part First Domestic?
You can find similar books in the "Read Also" column, or choose other free books by W R William Ramage Lawson to read onlineMoreLess
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