Isbn: 9781330800836 - a letter to the right honourable william pitt: on the influence of the stoppage of issues in specie at the bank of england, on the prices of provisions, and other commodities (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book delves into the influence of the Bank of England's operations on the circulating medium during the late 18th century. The author argues that the Bank's suspension of specie payments in 1797 led to an excessive increase in the issuance of banknotes. This, in turn, caused a general rise in prices and a depreciation of the value of money. The author analyzes the historical context and the economic principles involved, providing a valuable perspective on the relationship between paper currency and inflation. The book offers insights on the consequences of departing from the traditional specie-based monetary system and the importance of maintaining sound financial principles. 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.…