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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking (Classic Reprint) - Brossura
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Excerpt from A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking
With the exception of the period from 1797 down to 1819 the paper currency of Great Britain has always been con vertible at pleasure into an equivalent amount of coin of the standard weight and purity. Our bank-notes are not, strictly speaking, money, but only substitutes for money. Inasmuch, however, as no doubt is entertained of their immediate con vertibility into coins, and as they perform some of the principal functions of the latter, and are in many respects more commodious, they are practically held to be money. TO use the words of Lord Mansfield these notes are not, like bills Of exchange, mere securities or documents for debts, nor are so esteemed; but are treated as money in the ordinary course and transactions of business, by the general consent Of mankind; and on payment of them whenever a receipt is required, the receipts are always given as for money not as for securities or notes.
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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking Classic Reprint
Da: PBShop.store UK, Fairford, GLOS, Regno Unito
Valutazione del venditore 5 su 5 stelle
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330834619
Quantità: 15 disponibili
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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking Classic Reprint
Da: PBShop.store US, Wood Dale, IL, U.S.A.
Valutazione del venditore 5 su 5 stelle
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330834619
Quantità: 15 disponibili
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A Select Collection of Scarce and Valuable Tracts and Other Publications on
Print on DemandDa: Forgotten Books, London, Regno Unito
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Paperback. Condizione: New. Print on Demand. This book is a collection of 18th century tracts and publications that analyze the monetary systems in the American colonies of Great Britain. The book examines the economic consequences of issuing paper money and explores the debates that occurred at the time regarding the use of metal coins, paper currency, and bank credit. The author presents evidence to demonstrate how fluctuations in currency values impacted international exchange rates, domestic prices, and private contracts. Ultimately, this book provides valuable insights into the history of monetary policy and the challenges of maintaining a stable currency in a rapidly changing economy. 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. Codice articolo 9781330834619_0
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