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Synopsis
Excerpt from Foreign Exchange: Before, During, and After the War
Looking at the situation statistically, a Frenchman who left £100 in an English bank at the outbreak of war, which cost him about francs, can now sell the money for about francs. An Englishman who had 100 dollars in New York at the outbreak of war now finds that the money is worth 486/344ths of what it was worth at the time of investment. One thousand English pounds bought Swiss francs on February 4, 1920, and bought more on November 17, 1920. So we might go on, but these illustrations will be enough. Putting it into terms of commodities, every time the dollar increases in value in terms of the pound, the price of bacon and wheat and lard from America will rise in price in shops here. Tea growers are cutting down their production, and rubber growers are doing likewise, not because rubber or tea are not desired, but because Central European countries have so little money that they cannot afford to buy the tea or the rubber.
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- PublisherForgotten Books
- Publication date2020
- ISBN 10 1330668901
- ISBN 13 9781330668900
- BindingPaperback
- LanguageEnglish
- Number of pages124
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Foreign Exchange: Before, During, and After the War (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. Analyze the effects of financial decisions made during and after the First World War on the foreign exchange markets and the global economy as a whole. The author delves into the history of the foreign exchanges, examining the role of gold, banknotes, and bills of exchange, and traces the links between international indebtedness, the flow of goods and services, and currency fluctuations. The complexities of exchange rate interpretation, the impacts of inflation, the diverse effects on different industries, and the political implications of exchange rate policy are also covered in-depth. This book provides a timely perspective and essential knowledge for understanding the financial landscape of the present day. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330668900_0
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Foreign Exchange Before, During, and After the War Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330668900
Quantity: 15 available
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Foreign Exchange Before, During, and After the War Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 4 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330668900
Quantity: 15 available