Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 |
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Page 217
In early 1890 the Treasury had a comfortable net gold balance of almost $ 200 million , but by May the balance began to fall . Then , in November , Baring Brothers suspended . In the ensuing liquidation of American securities ...
In early 1890 the Treasury had a comfortable net gold balance of almost $ 200 million , but by May the balance began to fall . Then , in November , Baring Brothers suspended . In the ensuing liquidation of American securities ...
Page 360
Instead of being neatly balanced as expected , the budget would show a $ 2.1 billion deficit -a sum which seemed staggering ... in 1933 and provide enough revenue by 1934 to balance the budget , including statutory debt retire- ment .
Instead of being neatly balanced as expected , the budget would show a $ 2.1 billion deficit -a sum which seemed staggering ... in 1933 and provide enough revenue by 1934 to balance the budget , including statutory debt retire- ment .
Page 529
But , on the other hand , the belief in a balanced budget for its own sake led to valiant efforts to cut domestic ... After 1958 , a third factor -the balance of payments - entered the picture and became an increas- ingly important ...
But , on the other hand , the belief in a balanced budget for its own sake led to valiant efforts to cut domestic ... After 1958 , a third factor -the balance of payments - entered the picture and became an increas- ingly important ...
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Contents
The Meaning and Basic Trends of Financial History | 1 |
Monetary and International Fi nancial Policies | 4 |
26 | 7 |
Copyright | |
56 other sections not shown
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report authorized balance bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash cent certificates circulation cities coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export favored Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks Hoover important income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary money market money supply municipal National Bank Act national banks national-bank operations paper money payments pensions period President proposed purchase receipts recommended rediscount reduced refunding repealed Reserve banks retirement revenue Secretary securities Senate silver specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York