Bimetallism
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In our eReader you can find the full English version of the book. Read Bimetallism 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 Bimetallism
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* Does the coinage of $56, 750, 000 of silver money in Europe, in a single year, indicate that Europe has more silver money than she can use to advantage. ? Does it indicate that Europe would be glad of an opportunity to get rid of her silver money, and that if the United States should go to free coinage she would dump her silver money on us. '' Such a claim is too absurd for serious consideration. Free coinage in the United States, resulting as it would in raising the value of silver bullion, ...not only in the United States but also in Europe and all over the world, would not attract silver from Europe to this country, but, on the contrary, would increase the European demand for silver.
Sec. 284. The only reason there is not even now a greater demand in Europe for silver for coinage purposes is the fear of a further fall in the gold price of silver. If the United States should restore to silver the right of free and unlimited coinage at a ratio of 16 to 1, no fear of a decline in the value of silver would any longer be enter- tained by any sane man.
What to read after Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Andrew Jackson Utley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
* Does the coinage of $56, 750, 000 of silver money in Europe, in a single year, indicate that Europe has more silver money than she can use to advantage. ? Does it indicate that Europe would be glad of an opportunity to get rid of her silver money, and that if the United States should go to free coinage she would dump her silver money on us. '' Such a claim is too absurd for serious consideration. Free coinage in the United States, resulting as it would in raising the value of silver bullion, ...not only in the United States but also in Europe and all over the world, would not attract silver from Europe to this country, but, on the contrary, would increase the European demand for silver.
Sec. 284. The only reason there is not even now a greater demand in Europe for silver for coinage purposes is the fear of a further fall in the gold price of silver. If the United States should restore to silver the right of free and unlimited coinage at a ratio of 16 to 1, no fear of a decline in the value of silver would any longer be enter- tained by any sane man.
What to read after Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Andrew Jackson Utley to read onlineMoreLess
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