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 86
He caused Southern and Western branches to curtail their note issues , arranged to defer payments due the government , floated a three - year loan in Europe for $ 2 million in specie , took steps ...
He caused Southern and Western branches to curtail their note issues , arranged to defer payments due the government , floated a three - year loan in Europe for $ 2 million in specie , took steps ...
Page 143
But this proposal caused con- sternation in financial circles , since the banks did not relish being brought under Federal control , which would undoubtedly be more rigid than state control . Suspension of Specie .
But this proposal caused con- sternation in financial circles , since the banks did not relish being brought under Federal control , which would undoubtedly be more rigid than state control . Suspension of Specie .
Page 148
The Treasury , blandly ignoring its own contribution to price inflation , insisted that the phenomenon was caused by the expansion of state - bank currency and the activities of speculators in gold .
The Treasury , blandly ignoring its own contribution to price inflation , insisted that the phenomenon was caused by the expansion of state - bank currency and the activities of speculators in gold .
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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