The Safety of the Nation Showing How Our Security Rests Upon Our Industries
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In our eReader you can find the full English version of the book. Read The Safety of the Nation Showing How Our Security Rests Upon Our Industries 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 Safety of the Nation Showing How Our Security Rests Upon Our Industries
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To quickly assess the difficulty of the text, read a short excerpt:
He remarks on the fact that hardly any country has been till now " exempt for long periods both from revolution and in- vasion. " He suggests that the absence of security from foreign war had prevented both Holland and Germany from developing deposit banking. He notes that after the war of 1870 European reserves went to London, and Paris ceased to be a European settling- house. He congratulates London on becom- ing thereby the sole great settling-house of exchange transactions in Europe. He re-... marks that the supremacy of Paris " partly arose from a distribution of political power which was already disturbed. '" " But, " he goes on to say, " tliat of London depends on 124 THE GERMAN SYSTEM the regular course ot commerce which is singularly stable and hard to change. " It will be seen from this passage that whereas Bagehot recognises national securit}/ as a factor in continental banking, he puts down the pre-eminence of English banking to the regular course of commerce. Without reason assigned he makes England an excep- tion to the general rule.
What to read after The Safety of the Nation Showing How Our Security Rests Upon Our Industries?
You can find similar books in the "Read Also" column, or choose other free books by Ian Duncan Colvin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
He remarks on the fact that hardly any country has been till now " exempt for long periods both from revolution and in- vasion. " He suggests that the absence of security from foreign war had prevented both Holland and Germany from developing deposit banking. He notes that after the war of 1870 European reserves went to London, and Paris ceased to be a European settling- house. He congratulates London on becom- ing thereby the sole great settling-house of exchange transactions in Europe. He re-... marks that the supremacy of Paris " partly arose from a distribution of political power which was already disturbed. '" " But, " he goes on to say, " tliat of London depends on 124 THE GERMAN SYSTEM the regular course ot commerce which is singularly stable and hard to change. " It will be seen from this passage that whereas Bagehot recognises national securit}/ as a factor in continental banking, he puts down the pre-eminence of English banking to the regular course of commerce. Without reason assigned he makes England an excep- tion to the general rule.
What to read after The Safety of the Nation Showing How Our Security Rests Upon Our Industries?
You can find similar books in the "Read Also" column, or choose other free books by Ian Duncan Colvin to read onlineMoreLess
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