The Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr
The Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr
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In our eReader you can find the full English version of the book. Read The Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr 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 Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr
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To quickly assess the difficulty of the text, read a short excerpt:
This analysis of the process, by which the changes in the currency operated to produce the effect on prices witnessed by the people, is necessary, in order to intelligently discuss the problem now pressed upon us. For the fallacy lurks in many minds that the quantity of the currency, even when it has become stationary and quiescent, cre ates by. Its direct action a state of prices proportionate to that in quantity.
BELATION OF THE QUANTITY OF GUEEENCY TO THE RANGE OF PEJCES.
But this fallacy is... confuted by our own experience. The pre mium on gold fell from 185 in July, 1864, to 29 in May, 1865 ; or rather the currency rose from 35 cents to 77 cents in gold value, while the amount of the currency remained undiminished. The quantity of the currency in the hands of the public taking the ag gregate of the legal tenders and the bank-notes, and excluding all of both which are held by the Treasury or by the banks is now larger than at any former period. The existence of such a quantity has not arrested the tendency to a general fall of prices.
What to read after The Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr?
You can find similar books in the "Read Also" column, or choose other free books by Theodore P Theodore Pease Cook to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This analysis of the process, by which the changes in the currency operated to produce the effect on prices witnessed by the people, is necessary, in order to intelligently discuss the problem now pressed upon us. For the fallacy lurks in many minds that the quantity of the currency, even when it has become stationary and quiescent, cre ates by. Its direct action a state of prices proportionate to that in quantity.
BELATION OF THE QUANTITY OF GUEEENCY TO THE RANGE OF PEJCES.
But this fallacy is... confuted by our own experience. The pre mium on gold fell from 185 in July, 1864, to 29 in May, 1865 ; or rather the currency rose from 35 cents to 77 cents in gold value, while the amount of the currency remained undiminished. The quantity of the currency in the hands of the public taking the ag gregate of the legal tenders and the bank-notes, and excluding all of both which are held by the Treasury or by the banks is now larger than at any former period. The existence of such a quantity has not arrested the tendency to a general fall of prices.
What to read after The Life And Public Services of Hon Samuel J Tilden Democratic Nominee for Pr?
You can find similar books in the "Read Also" column, or choose other free books by Theodore P Theodore Pease Cook to read onlineMoreLess
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