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 187
But bimetallism existed only in law , not in practice , for from 1792 to 1873 only 8 million silver dollars had been coined . The devaluation of the gold dollar in 1834 had made it more profitable for anyone who owned silver to sell it ...
But bimetallism existed only in law , not in practice , for from 1792 to 1873 only 8 million silver dollars had been coined . The devaluation of the gold dollar in 1834 had made it more profitable for anyone who owned silver to sell it ...
Page 190
It provided for the pur- chase of between $ 2 million and $ 4 million of silver bullion per month at the market price , to be coined into silver dollars of 4121⁄2 grains , 9/10 fine , i.e. , at the old ratio of 16 to 1.
It provided for the pur- chase of between $ 2 million and $ 4 million of silver bullion per month at the market price , to be coined into silver dollars of 4121⁄2 grains , 9/10 fine , i.e. , at the old ratio of 16 to 1.
Page 216
( 2 ) Under the Bland - Allison Act the num- ber of silver dollars increased as the price of silver declined ; under the Sherman Act as the price of silver declined , less new money was added to the circulation .
( 2 ) Under the Bland - Allison Act the num- ber of silver dollars increased as the price of silver declined ; under the Sherman Act as the price of silver declined , less new money was added to the circulation .
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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
Bibliographic information
| Title | Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Herman Edward Krooss |
| Authors | Paul Studenski, Herman Edward Krooss |
| Edition | 2 |
| Publisher | McGraw-Hill, 1963 |
| Length | 605 pages |
| Export Citation | BiBTeX EndNote RefMan |