The Evolution of Money
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In our eReader you can find the full English version of the book. Read The Evolution of Money 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 Evolution of Money
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To quickly assess the difficulty of the text, read a short excerpt:
Instead of one bank, with the government as a stockholder and depositor, the law provided for a system of banks char- tered by Congress, owned by private capital, and subject to governmental sui)ervision and control.
The Money Power accumulated such an abundance of wealth from the vicarious sacrifices of the people during, and in the conduct of, the war, that it induced Congress to give it the more concentrated exercise of the right to issue money, by the elimination of the use of state bank- n...otes, by the elimination of the use of silver, and by the elimination of the use of government notes, until the finances of the country were turned over to the owners of gold and the National banks.
The state bank-notes, and the government notes sur- rendered the value of their use, or their "use-value, " to the notes of the National banks, as fast as the change from the use of the two to the use of the one could be made. This shifting of "use-value'' was sacrificial to the people, but beneficial to the owners of the gold and the National banks; and their fortunes continued to increase as the change was made, and as "use-value" was concen- trated in their possession.
What to read after The Evolution of Money?
You can find similar books in the "Read Also" column, or choose other free books by Percy Kinnaird to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Instead of one bank, with the government as a stockholder and depositor, the law provided for a system of banks char- tered by Congress, owned by private capital, and subject to governmental sui)ervision and control.
The Money Power accumulated such an abundance of wealth from the vicarious sacrifices of the people during, and in the conduct of, the war, that it induced Congress to give it the more concentrated exercise of the right to issue money, by the elimination of the use of state bank- n...otes, by the elimination of the use of silver, and by the elimination of the use of government notes, until the finances of the country were turned over to the owners of gold and the National banks.
The state bank-notes, and the government notes sur- rendered the value of their use, or their "use-value, " to the notes of the National banks, as fast as the change from the use of the two to the use of the one could be made. This shifting of "use-value'' was sacrificial to the people, but beneficial to the owners of the gold and the National banks; and their fortunes continued to increase as the change was made, and as "use-value" was concen- trated in their possession.
What to read after The Evolution of Money?
You can find similar books in the "Read Also" column, or choose other free books by Percy Kinnaird to read onlineMoreLess
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