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The Monetary Question; An Essay Which Obtained the Prize Offered by Sir H. M. Meysey-Thompson, Bart., at the Paris Monetary Congress of 1889

The Monetary Question; An Essay Which Obtained the Prize Offered by Sir H. M. Meysey-Thompson, Bart., at the Paris Monetary Congress of 1889


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891. Excerpt: ... CHAPTER II THE ADVANTAGES OF BIMETALLISM The first advantage that I claimed for bimetallism was that it is the only system by which it is possible to attain monetary unity in the commercial world. This monetary unity existed, in fact, to a certain extent--I use this phrase for I admit that the state of affairs was not perfect--from the commencement of the century to about 1873. During the whole of this period the system of the double standard with a fixed ratio in France, and later in the countries of the Latin Union, was sufficient, owing to the manner in which at the time other countries were divided, some with a gold standard and others with a silver standard, and the condition of the two metals which was thus established in the various countries, to maintain everywhere a ratio of value between gold and silver which did not differ widely from the ratio established by law' in France. Now, however, we know only too well this practical unity is no longer in existence. Let us review as briefly as possible the causes of the rupture. Between 1860 and 1870 there was a movement tending to the extension of the monetary union inaugurated by the Latin Union, and there was a general inclination to agree that the new bond of union should be and could be a gold standard as the only standard. Then came the war of 1870, which put an end to all the negotiations which had been opened on the matter. But after the war Germany, having to organise a monetary system for the new empire, adopted for the purpose--whether still under the influence of all that had been said and written on the subject of the monetary question in preceding years, or whether for other reasons--the gold standard, replacing with it the silver standard, which had hitherto been the monetary standard in ...


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Product Details
  • ISBN-13: 9781151605641
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 42
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1151605646
  • Publisher Date: 06 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 95 gr


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The Monetary Question; An Essay Which Obtained the Prize Offered by Sir H. M. Meysey-Thompson, Bart., at the Paris Monetary Congress of 1889
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