Excerpt from Report of the Special Committee on the State of Trade in Connection With the Discrediting of Silver as Money: Appointed by the Council on the 24th February, 1879
Committee have throughout been impressed by a deep sense of the important nature of the investigations confided to them.
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Paperback. Condition: New. Print on Demand. This book reports on an investigation by the Special Committee appointed by the Council of the Incorporated Chamber of Commerce of Liverpool to study the impact on international trade caused by a decrease in the value of silver relative to gold. For more than twenty years after 1848, the supply of gold had exceeded that of silver, but this trend reversed in recent years. The author attributes the recent fall in the value of silver to the suspension of its minting in France and other countries, rather than to excessive silver production. As a remedy to the resulting mercantile depression, the committee recommends that England and other key countries agree to fix the ratio of silver to gold and recognize both as legal tender. The author warns of the economic consequences of discarding silver as a currency, and points to the example of India whose financial stability has been jeopardized by the devaluation of silver. This book offers a compelling analysis of the monetary crisis of the late 19th century and its global effects. The committee's report highlights the profound significance of silver as a monetary standard in history and its crucial role in maintaining international trade and financial stability 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 # 9781332899210_0
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Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781332899210
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781332899210
Quantity: 15 available