The Currency Problem in China
The book The Currency Problem in China was written by author Here you can read free online of The Currency Problem in China book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Currency Problem in China a good or bad book?
Where can I read The Currency Problem in China for free?
In our eReader you can find the full English version of the book. Read The Currency Problem in China 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 The Currency Problem in China
In our eReader you can find the full English version of the book. Read The Currency Problem in China 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 The Currency Problem in China
What reading level is The Currency Problem in China book?
To quickly assess the difficulty of the text, read a short excerpt:
23-27.
361] CURRENCY REFORM lOi attempt to pHng chin chia or " to steady the price of gold. " To him the American Commissioner was the United States delegate to China to yi chin chia, that is, " to confer on the price of silver. " ^ The attempt "to steady the price of gold" was not so much a currency as a fiscal measure; for he stated in another part of the memorial that it had been intended as a '^ plan to make provision for meeting the indemnity remittances/' These few remarks not only show h...is attitude towards the mission of the American representative but also reveal the very significant fact that what was then in the gold- standard countries regarded as depreciation of silver was in the silver country considered as appreciation of gold. To put it differently, the popular idea in a gold country is that the value of silver fluctuates ; while in a silver country, the popular idea is that gold fluctuates.
The memorial covers the following principal points : ( i ) the inadvisability of employing a foreign controller; (2) the impracticability of the gold-standard system; (3) the bene- fits of adopting the silver standard for the new uniform coinage.
What to read after The Currency Problem in China?
You can find similar books in the "Read Also" column, or choose other free books by Wen Pin Wei to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
23-27.
361] CURRENCY REFORM lOi attempt to pHng chin chia or " to steady the price of gold. " To him the American Commissioner was the United States delegate to China to yi chin chia, that is, " to confer on the price of silver. " ^ The attempt "to steady the price of gold" was not so much a currency as a fiscal measure; for he stated in another part of the memorial that it had been intended as a '^ plan to make provision for meeting the indemnity remittances/' These few remarks not only show h...is attitude towards the mission of the American representative but also reveal the very significant fact that what was then in the gold- standard countries regarded as depreciation of silver was in the silver country considered as appreciation of gold. To put it differently, the popular idea in a gold country is that the value of silver fluctuates ; while in a silver country, the popular idea is that gold fluctuates.
The memorial covers the following principal points : ( i ) the inadvisability of employing a foreign controller; (2) the impracticability of the gold-standard system; (3) the bene- fits of adopting the silver standard for the new uniform coinage.
What to read after The Currency Problem in China?
You can find similar books in the "Read Also" column, or choose other free books by Wen Pin Wei to read onlineMoreLess
Write Review:
Guest
Read Also
9 / 10
User Reviews: