The Contraction of the Currency (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.82
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This important, thoroughly referenced study directly refutes the common misconception that there was an enormous contraction of the currency after the Civil War. It is established here unequivocally, by meticulously tracing the history of every item in the public debt between 1860 and 1878, that there was instead a significant increase in the money supply. This study demolishes the oft-repeated claim that the currency was reduced by retiring two billion dollars of temporary loans; the author proves that the temporary loans were not retired at all, but instead were redeemed at maturity and replaced with longer-term bonds. The author further counters each and every argument presented by the proponents of the currency contraction theory, backing up his rebuttals with numerous contemporaneous documents, many of them from officials who had intimate knowledge of the financial circumstances of the time. 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.…
Seller Inventory # 9781332325511_0
- Title
- The Contraction of the Currency (Classic Reprint)
- Author
- C. K. Backus
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1332325513
- ISBN 13
- 9781332325511
- Seller catalogs
- Business Investment
The book compiles a concise history of U.S. currency laws and the moments when money supply decisions shaped the economy. It emphasizes careful, document-based analysis over sensational claims, with an eye toward practical understanding for informed readers.
- Clear explanations of key laws and how they affected currency issues after 1861
- Official figures and quotations that illustrate trends in the money supply
- Guidance on reading financial data without relying on hype or rumor
Ideal for readers of economic history and anyone seeking a grounded, data-driven view of currency policy.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
Shipping rates from United Kingdom to U.S.A.
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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FB &c Ltd
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