International Bimetallism
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In our eReader you can find the full English version of the book. Read International 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 International Bimetallism
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By the two combined causes we are unbinding or unloosing a real international system, one which bound the whole world in one completed circle, and we are thereby reversing and letting slip all the course and advan- tage of the centuries of development which it has taken to build that system. If the present situation of the currency question continues for a century, it will sever the world into two completely independent and non-communicating circles, silver-using East and gold-using West. The E...ast will go its own way, and the West will be left to reconstruct its shattered system, how and with what friction and loss it may. . . . The whole development of six centuries of painful endeavor and experience, as far as relates to commerce, is rendered, or is increasingly in danger of being rendered, nugatory. It is on this latter point that the main stress of the argument against monometallism rests. " We have dwelt too long upon the first of the advan- tages which may be looked for from the successful establishment and maintenance of a bimetallic system, nam el}', the creation of, at least, an approximate par- of-exchange between gold-using and silver-using na- tions.
What to read after International Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Francis Amasa, 1840-1897 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
By the two combined causes we are unbinding or unloosing a real international system, one which bound the whole world in one completed circle, and we are thereby reversing and letting slip all the course and advan- tage of the centuries of development which it has taken to build that system. If the present situation of the currency question continues for a century, it will sever the world into two completely independent and non-communicating circles, silver-using East and gold-using West. The E...ast will go its own way, and the West will be left to reconstruct its shattered system, how and with what friction and loss it may. . . . The whole development of six centuries of painful endeavor and experience, as far as relates to commerce, is rendered, or is increasingly in danger of being rendered, nugatory. It is on this latter point that the main stress of the argument against monometallism rests. " We have dwelt too long upon the first of the advan- tages which may be looked for from the successful establishment and maintenance of a bimetallic system, nam el}', the creation of, at least, an approximate par- of-exchange between gold-using and silver-using na- tions.
What to read after International Bimetallism?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Francis Amasa, 1840-1897 to read onlineMoreLess
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