Political Economy
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In our eReader you can find the full English version of the book. Read Political Economy 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 Political Economy
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Since 1875, the Scandinavian Union permits gold alone to be coined for pri- vate persons, and limits the debt-paying power of silver to twenty crowns. A franc is 19.29, a mark 23.82, and a crown 26.78, of our standard cents.
As Belgium, Switzerland, Spain, Italy, Greece, and Austro- Hungary in part, act with France in monetary matters, it is 336 POLITICAL ECONOMY.
plain that the tendencies are towards the adoption of gold as the single standard, and of silver as subsidiary money only. Copper, w...hich was the only money in early Rome, and is still the only legal coinage in China, has come in most modern coinages to be a token-money only, that is, a money circulating in small sums without reference to the value of the metal. In 1738, the relative value of silver to copper in France was one to forty ; in 1803, one to one hundred ; and in 1852, one to about one hundred and fifty. The French copper centime (one gram) , the English penivy (9.149 grams) , and the present United States copper cent (3.11 grams), all circulate as money much above their value as metal.
What to read after Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Latham Perry to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Since 1875, the Scandinavian Union permits gold alone to be coined for pri- vate persons, and limits the debt-paying power of silver to twenty crowns. A franc is 19.29, a mark 23.82, and a crown 26.78, of our standard cents.
As Belgium, Switzerland, Spain, Italy, Greece, and Austro- Hungary in part, act with France in monetary matters, it is 336 POLITICAL ECONOMY.
plain that the tendencies are towards the adoption of gold as the single standard, and of silver as subsidiary money only. Copper, w...hich was the only money in early Rome, and is still the only legal coinage in China, has come in most modern coinages to be a token-money only, that is, a money circulating in small sums without reference to the value of the metal. In 1738, the relative value of silver to copper in France was one to forty ; in 1803, one to one hundred ; and in 1852, one to about one hundred and fifty. The French copper centime (one gram) , the English penivy (9.149 grams) , and the present United States copper cent (3.11 grams), all circulate as money much above their value as metal.
What to read after Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Latham Perry to read onlineMoreLess
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