Isbn: 9781334426735 - "greenbacks," or the evils and the remedy of using "promise to pay to the bearer on demand" as a measure of value (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 history of paper currency within the framework of monetary theory. It traces the use of paper money from its origins in China to the advent of demand notes in the United States during the Civil War, before moving on to the National Currency Act of 1863, a law credited with establishing a new era of monetary experimentation. The author argues that this act, along with the creation of legal tender notes and the subsequent practice of redeeming them with interest-bearing bonds to reissue, set the stage for the National Banking System. The text also examines the failures and successes of the pledge system of banking as it relates to the broader issues of honest banking, prudent operation, and the manipulation of money supply. The author concludes that the evils inherent in paper currency are not wholly dependent on the banking system that issues them but are rather an inevitable outgrowth of monetary policy as it plays out across the course of human history. 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.…