A Plain Statement of the Currency Question (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$ 17.10
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book presents a compelling argument in favor of adopting bimetallism, which involves using both gold and silver as a monetary standard. The author contends that the shift away from silver and towards a gold standard in the late 19th century led to a deflationary spiral, causing economic distress. They criticize monometallists for overlooking the impact of the money supply on prices and support their case with historical examples and economic theory. The book further explores how bimetallism could address economic hardships, improve trade relationships, and provide a more stable financial system. The author calls for international cooperation to establish a bimetallic standard, emphasizing its potential benefits for economic prosperity and 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.…
Seller Inventory # 9781334474958_0
- Title
- A Plain Statement of the Currency Question (Classic Reprint)
- Author
- John Hill Twigg
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1334474958
- ISBN 13
- 9781334474958
- Seller catalogs
- Economics
The following pages are intended for popular use and there fore do not pretend to completeness or to technical language. I have been encouraged to write them by the rapidly growing movement in favour of bimetallism and by assurance of aid from coming events, which may give the whole community lessons far sharper than our cotton workers, agriculturists and oriental traders have already received. Material prosperity has been retarded for 20 years and in many quarters there is deep depression, which has. Now reached a point requiring either a reduction of wages or a closure of business. Even the bankers and money lenders, among whom are the chief opponents of bimetallism, should consider the danger of such a general struggle between labour and capital. The banking interest is indeed itself in danger with no more than 25 or 30 millions of gold available to meet depositors' claims of 900 millions payable on demand. As yet only the weak spots of finance and banking, such as the Baring firm and Australian banks, have been touched, but we may be approaching a time when poor people will prefer gold to bank notes and consider an old stocking or a friend's cash boxa safer place for their savings than a bank, which pays no interest and perhaps may pay no principal. These dangers are not of my imagining. They have been discussed by able financiers, such as Mr. Goschen and Mr. H. Hucks Gibbs, in whom deep study has combined with practice an understanding of things which the practical man merely handles. Many even pf the practical men are taking alarm, as shown by the attempt of London bankers to get together a reserve of gold independent of the Bank of England. If I have strong opinions on this question they are not the result of my connection with India, which has now ceased, nor is this pamphlet much more than a compilation of current literature. Several friends have kindly assisted me in revising the proofs.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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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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