Martin Van Buren volume 1
Martin Van Buren volume 1
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In our eReader you can find the full English version of the book. Read Martin Van Buren volume 1 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 Martin Van Buren volume 1
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This enormous ad- vance represented the sudden increase in the sales of public lands, which were paid for in bank paper, which in turn formed the bulk of the government deposits. The deposits were with only a small part of the six hundred and more state banks then in existence. But the increase in the sales of public lands was the result of all the organic causes and of all the long train of events wliich had seated the fever of speculation so profoundly in the Ameri- can character of the day. ...To those causes and events must idtimately be ascribed the extension of bank credits so far as it immediately arose out of the increase of government deposits. Nor is there any sufficient reason to suppose that if the deposits, instead of being in fifty state banks, had remained in the United States Bank and its bra, nches, the tendency to speculation would liave been less. The influences which surrounded that Bank were the very influences most compietelj' subject to the popular mania.
298 MARTIN VAN BUREN But the increase of government deposits was only fuel added to the flames.
What to read after Martin Van Buren volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Edward Morse Shepard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This enormous ad- vance represented the sudden increase in the sales of public lands, which were paid for in bank paper, which in turn formed the bulk of the government deposits. The deposits were with only a small part of the six hundred and more state banks then in existence. But the increase in the sales of public lands was the result of all the organic causes and of all the long train of events wliich had seated the fever of speculation so profoundly in the Ameri- can character of the day. ...To those causes and events must idtimately be ascribed the extension of bank credits so far as it immediately arose out of the increase of government deposits. Nor is there any sufficient reason to suppose that if the deposits, instead of being in fifty state banks, had remained in the United States Bank and its bra, nches, the tendency to speculation would liave been less. The influences which surrounded that Bank were the very influences most compietelj' subject to the popular mania.
298 MARTIN VAN BUREN But the increase of government deposits was only fuel added to the flames.
What to read after Martin Van Buren volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Edward Morse Shepard to read onlineMoreLess
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