The Edinburgh Review, or Critical Journal, Vol. 112: For July, 1860-October

For July, 1860-October, 1860; To Be Continued Quarterly

ISBN 10: 1334434255 / ISBN 13: 9781334434259

Editore: Forgotten Books, 2024

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Print on Demand. This book examines the economic and social consequences of the 19th Century gold discoveries in California and Australia. The author explores how the massive influx of gold affected international trade, global wealth, and the fortunes of nations. It assesses the impact on currency, consumption, and investment, delving into the historical context of the gold standard. The book discusses the implications of a depreciation of money and the changing distribution of purchasing power on individuals and society as a whole. Ultimately, it highlights the ways in which these gold discoveries profoundly shaped the course of human history, offering valuable insights into the interplay between economics, politics, and social transformation. 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.

Codice articolo 9781334434259_0

Dati bibliografici

• Titolo: The Edinburgh Review, or Critical Journal, Vol. 112: For July, 1860-October
• Editore: Forgotten Books
• Data di pubblicazione: 2024
• Lingua: Inglese
• ISBN 10: 1334434255
• ISBN 13: 9781334434259
• Rilegatura: Paperback
• Condizione: New
• Tipo di libro: print-on-demand item
• Cataloghi dei venditori:
  • Political Theory and History

Descrizione articolo

Riassunto

Excerpt from The Edinburgh Review, or Critical Journal, Vol. 112: For July, 1860-October, 1860; To Be Continued Quarterly

Once more after the lapse of three centuries, the world has witnessed another great discovery of the precious metals. The auriferous sands and rocks of California and Australia are as much superior, in richness and abundance, to those which re warded the industry of the Spanish adventurers, as these latter' were superior to all which had been previously known; and gold has now for eight years been pouring into Europe in an exu berant tide of wealth beyond all former experience. What then will be the result of these Californian and Australian disn coveries? And how far will they resemble in their scope and influence their prototypes of the sixteenth century? These are questions which, in the presence of such facts, cannot but force themselves upon every thoughtful mind.

But since the epoch of which we have spoken, since the day when the sparkling veins on the sides of Potosi attracted the eye of the Indian shepherd, - a mighty change has come upon the world. Society in all its constituents has been pro foundly modified. Commerce has grown to dimensions of which the merchants of the sixteenth century could have formed no conception. The entire foreign trade of the greatest commer cial nation then in existence, probably did not much exceed that which is now carried on in a single English or American port. The total tonnage of the united galleons which constituted the Spanish mercantile marine, only amounted a century later, as We are informed by Robertson, to tons, little more than the tonnage of the Great Eastern steam-ship. Some of the most populous and wealthy communities of the present day had not yet begun to exist; and the whole quantity of the precious metals then in use was probably less than that which now cir culates in some second-rate European kingdoms. The con ditions under which the experiment of the sixteenth century was tried are no longer those with which we have to deal, and the precedents of that period may therefore be thought to have little application to the present time.

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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.