Rational Money a National Currency Intelligently Regulated in Reference to the
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United States 1880 100. 5 1886 80. 4 England 1880 92. 2 1886 73. 3 Hamburg 1880 91. 1 1886 74. 8 France 1880 79. 2 1886 69. 3 1860-1891.
Maximum. Year. Price.
United States 1864 172. 9 England 1864 144. 8 Hamburg 1864 137. 8 France 1864 128. 6 1886 69. 3 Minimum. Year. Price.
86. 7 80. 7 92. 5 76. 4 1879 1879 1878 1879 Minimum. Year. Price. 80. 4 73. 3 74. 8 1886 1886 1886 1886 What would we think of a measure that would be 172 inches long in 1864 and then shrink to 80 inches in 1886, and to 60... inches in 1897? If we took the maximum and min- imum actual prices instead of gold prices, the contrast would be greater still, a contrast of 280 to 60 in round numbers.
THE BEST MONEY. 113 What would we think of a yard stick that would expand to more than four times its former length, so that a piece of cloth that measured a yard by its test a generation ago would measure less than a quarter of a yard to-day only 8 inches at the lowest point this year? No doubt some creditors are willing to receive 4 yards for every one they lent, but what is the effect on the debtor?
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You can find similar books in the "Read Also" column, or choose other free books by Parsons, Frank, 1854-1908 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
United States 1880 100. 5 1886 80. 4 England 1880 92. 2 1886 73. 3 Hamburg 1880 91. 1 1886 74. 8 France 1880 79. 2 1886 69. 3 1860-1891.
Maximum. Year. Price.
United States 1864 172. 9 England 1864 144. 8 Hamburg 1864 137. 8 France 1864 128. 6 1886 69. 3 Minimum. Year. Price.
86. 7 80. 7 92. 5 76. 4 1879 1879 1878 1879 Minimum. Year. Price. 80. 4 73. 3 74. 8 1886 1886 1886 1886 What would we think of a measure that would be 172 inches long in 1864 and then shrink to 80 inches in 1886, and to 60... inches in 1897? If we took the maximum and min- imum actual prices instead of gold prices, the contrast would be greater still, a contrast of 280 to 60 in round numbers.
THE BEST MONEY. 113 What would we think of a yard stick that would expand to more than four times its former length, so that a piece of cloth that measured a yard by its test a generation ago would measure less than a quarter of a yard to-day only 8 inches at the lowest point this year? No doubt some creditors are willing to receive 4 yards for every one they lent, but what is the effect on the debtor?
What to read after Rational Money a National Currency Intelligently Regulated in Reference to the?
You can find similar books in the "Read Also" column, or choose other free books by Parsons, Frank, 1854-1908 to read onlineMoreLess
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