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Download Any Book Gold and Silver; An Elementary Treatise on Bimetallism

Gold and Silver; An Elementary Treatise on Bimetallism High quality books

Gold and Silver; An Elementary Treatise on Bimetallism
By:James Henry Hallard
Published on 2012-05-15 by Rarebooksclub.com

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1897 Excerpt: ...the East.1 And so he was ready to take a smaller gold-price for his wheat if it gave him about the same number of rupees--which it did. Many people thought that silver-prices would rise considerably, and that gold-prices would remain stationary. As a matter of fact, silver-prices rose very little, and gold-prices fell a great deal. Had there been a decrease of silver in the years succeeding 1873, prices in silver countries would yet probably have remained fairly stable, and helped to keep up gold-prices indirectly through higher gold-prices of silver; but the output of silver considerably increased in those years, and the output of gold materially fell off. No doubt, the early Seventies were years of great prosperity, and more token-coins were required in the West and more rupees absorbed into the Indian currency through expansion of trade;2 but had the French ratio remained intact, we might have seen a rise in both gold-and silver-prices, due to a still larger increase in the production of silver, owing to its usual gold-value. Next, we must take into account the fact that the supply of silver coming to the markets of goldstandard countries had now become a mere commodity instead of being money, or potential money. Much of this silver was diverted from the money side of the scales to the commodity side, thus doubly helping the appreciation of gold. Nobody can tell how much silver would have been produced if the French ratio had remained intact. But it is surely quite evident that more would have been produced had the gold-value of silver not fallen. The fall in the gold-value of silver perhaps acted sometimes as a stimulus to make up in quantity what was lost in price; but such an influence is in its nature temporary. Under the influence of low gold-prices...

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Book ID of Gold and Silver; An Elementary Treatise on Bimetallism's Books is x3ooLwEACAAJ, Book which was written byJames Henry Hallardhave ETAG "wc4AJtrZLgA"

Book which was published by Rarebooksclub.com since 2012-05-15 have ISBNs, ISBN 13 Code is 9781235929267 and ISBN 10 Code is 1235929264

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