Explore how credit instruments shape money and payments in the United States. This focused analysis explains how checks and other credit documents reduce the need for currency and influence price levels, wages, and banking practices.
Drawing on extensive inquiries and historical data, the book examines why and how different classes of people and businesses use checks in everyday transactions. It distinguishes between the share of people who use checks and the share of business conducted with checks, offering a clear view of payment behavior across retail, wholesale, and various deposit sectors. The work also discusses the limits of credit paper’s role and what it means for money in a growing economy.
Ideal for readers of economic history and monetary policy who want a data-driven view of how credit instruments affect everyday finance.
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David Kinley holds the Chair in Human Rights Law at the University of Sydney. An internationally renowned expert in the field, he has advised governments and corporations on human rights issues and has worked with the UN, the World Bank, AusAID and various NGOs.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book delves into the fascinating world of credit instruments and their influence on the American economy at the turn of the 20th century. It explores a question that has captivated economists and business leaders for generations: how do credit transactions affect the need for actual money in a society? The author meticulously examines the historical development of inquiries into this subject, comparing and contrasting the methodologies employed by British and American researchers. The book highlights the growing use of checks and other credit documents in various sectors of the American economy, exploring the role of banks, merchants, and even wage earners in shaping this trend. The author also grapples with the complexities of determining the true volume of credit transactions, acknowledging the difficulties of separating speculative activity from legitimate trade. By analyzing bank deposits and payrolls, the book seeks to establish a clearer understanding of the factors that drive the use of credit in everyday transactions. This book offers a valuable historical perspective on the interplay between credit, money, and the economy, revealing the importance of understanding these concepts for the ongoing development of financial systems. 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 # 9781331627852_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331627852
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331627852
Quantity: 15 available