Title: Remarks on Currency and Banking: Having Reference to the Present Derangement of the Circulating Medium in the United States (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 065612721X
ISBN 13: 9780656127214
Binding: HRD
Condition: New
Weight: 299 grams

About this title

Synopsis

What caused the money crisis, and what can fix it?

This clear, concise look at the 1857 banking turmoil explains how contraction in the circulating medium spread through commerce and credit, and why defenses failed. The book analyzes political and banking decisions, offering historic context and thoughtful recommendations.

Written in a steady, accessible voice, it scrutinizes the actions of banks, the sub‑treasury system, and the push for a national bank. It also outlines practical ideas for stabilizing the currency, including capital requirements and limits on note issuance, with a view toward preventing future panics.

Understand how banking practices and regulations shaped the crisis and its spread.
See criticism of the sub‑treasury system and the idea of a national bank in crisis terms.
Learn proposed remedies, such as circulation taxes and stricter bank capital rules.
Explore the balance between currency stability and economic growth in a developing nation.

Ideal for readers of economic history and policy makers seeking historical perspectives on banking reform.

"About this title" may belong to another edition of this title.

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