The Essential And the Unessential in Currency Legislation the Page Lecture Del
The Essential And the Unessential in Currency Legislation the Page Lecture Del
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In our eReader you can find the full English version of the book. Read The Essential And the Unessential in Currency Legislation the Page Lecture Del 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 Essential And the Unessential in Currency Legislation the Page Lecture Del
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At that time fluctuations in the trade balance of a single year sometimes almost equalled the Treasury's gold holdings in amount, and it was quite conceivable, in fact not improbable, that a sudden unfavor- able change in that balance might drain the Treasury of all of its gold, and leave the country with a currency standard of depreciated silver or paper. This was the situation which continually menaced Mr. Cleveland's second administration, causing great financial anxiety and forcing the Trea...sury dur- ing those years of peace and normal expenditures to borrow 262 million dollars in gold in order to replenish its continually dwindling reserve. Such a situation inevitably led the advo- cates of monetary legislation in the nineties to place first and foremost among their proposals the necessity of getting rid of the precarious greenback, and most of the plans proposed by bankers' associations, chambers of commerce and financial [ 16 ] experts generally at that time emphasized the urgency of this measure.
What to read after The Essential And the Unessential in Currency Legislation the Page Lecture Del?
You can find similar books in the "Read Also" column, or choose other free books by A Piatt Abram Piatt Andrew to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
At that time fluctuations in the trade balance of a single year sometimes almost equalled the Treasury's gold holdings in amount, and it was quite conceivable, in fact not improbable, that a sudden unfavor- able change in that balance might drain the Treasury of all of its gold, and leave the country with a currency standard of depreciated silver or paper. This was the situation which continually menaced Mr. Cleveland's second administration, causing great financial anxiety and forcing the Trea...sury dur- ing those years of peace and normal expenditures to borrow 262 million dollars in gold in order to replenish its continually dwindling reserve. Such a situation inevitably led the advo- cates of monetary legislation in the nineties to place first and foremost among their proposals the necessity of getting rid of the precarious greenback, and most of the plans proposed by bankers' associations, chambers of commerce and financial [ 16 ] experts generally at that time emphasized the urgency of this measure.
What to read after The Essential And the Unessential in Currency Legislation the Page Lecture Del?
You can find similar books in the "Read Also" column, or choose other free books by A Piatt Abram Piatt Andrew to read onlineMoreLess
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