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 177
Inflationists used the decline of national - bank currency as ammunition in fighting for expansion of currency . But while they threw brickbats at Wall Street , their argument was vitiated by the continuous increase in the use of ...
Inflationists used the decline of national - bank currency as ammunition in fighting for expansion of currency . But while they threw brickbats at Wall Street , their argument was vitiated by the continuous increase in the use of ...
Page 178
growth in checkbook money more than offset the decline in the circula- tion of currency and coin . However , in the West and in the South , where the quantity theory had its largest following , farmers were unimpressed , for unlike city ...
growth in checkbook money more than offset the decline in the circula- tion of currency and coin . However , in the West and in the South , where the quantity theory had its largest following , farmers were unimpressed , for unlike city ...
Page 254
Furthermore , the premium on cash offered attractive possi- bilities for profit to those who were fortunate enough to have currency and who were intrepid enough to take a slight risk . Hence , there was pressure on the pound sterling ...
Furthermore , the premium on cash offered attractive possi- bilities for profit to those who were fortunate enough to have currency and who were intrepid enough to take a slight risk . Hence , there was pressure on the pound sterling ...
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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