The Monetary Situation in 1897
The Monetary Situation in 1897
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But the intelligence has now reached us that Japan wishes to adopt the gold standard, and if this prove true the history of monetary reforms will assume a new phase, for this occur- 60 rence would invitably lead to the imiversal exclusion of silver as standard money.
It is difficult to foresee what will be all the results of this, but this much is certain: the scramble for gold is sure to be resumed with renewed vigour.
And however much the production of gold may have increased of late years, n...obody will maintain that the stock of gold and the production of the metal are so large that the prospect of the universal demonetization of silver need not give us serious anxiety. As we said before, we will, presently, return to this subject and investigate the true position of affairs.
The fear entertained by us that we are on the eve of a universal exclusion of silver as a standard coin will, however, be esteemed by many as merely imaginary. The very fact that the present stock of gold and the production of this metal are insufficient to bring to completion the great monetary reform commenced hi the seventies, will be deemed an insurmountable obstacle.
What to read after The Monetary Situation in 1897?
You can find similar books in the "Read Also" column, or choose other free books by G M Gidon Maria Boissevain to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But the intelligence has now reached us that Japan wishes to adopt the gold standard, and if this prove true the history of monetary reforms will assume a new phase, for this occur- 60 rence would invitably lead to the imiversal exclusion of silver as standard money.
It is difficult to foresee what will be all the results of this, but this much is certain: the scramble for gold is sure to be resumed with renewed vigour.
And however much the production of gold may have increased of late years, n...obody will maintain that the stock of gold and the production of the metal are so large that the prospect of the universal demonetization of silver need not give us serious anxiety. As we said before, we will, presently, return to this subject and investigate the true position of affairs.
The fear entertained by us that we are on the eve of a universal exclusion of silver as a standard coin will, however, be esteemed by many as merely imaginary. The very fact that the present stock of gold and the production of this metal are insufficient to bring to completion the great monetary reform commenced hi the seventies, will be deemed an insurmountable obstacle.
What to read after The Monetary Situation in 1897?
You can find similar books in the "Read Also" column, or choose other free books by G M Gidon Maria Boissevain to read onlineMoreLess
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