A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking (Classic Reprint) - Softcover

J. R. McCulloch

 
9781330834619: A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking (Classic Reprint)

Synopsis

This book is a collection of 18th century tracts and publications that analyze the monetary systems in the American colonies of Great Britain. The book examines the economic consequences of issuing paper money and explores the debates that occurred at the time regarding the use of metal coins, paper currency, and bank credit. The author presents evidence to demonstrate how fluctuations in currency values impacted international exchange rates, domestic prices, and private contracts. Ultimately, this book provides valuable insights into the history of monetary policy and the challenges of maintaining a stable currency in a rapidly changing economy.

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