Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2McGraw-Hill, 1963 - 605 pages |
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Page 145
... greenbacks . Unfortunately , the public did not respond to the convertibility feature , as a 6 per cent bond at par was not sufficiently attractive . But convertibility did put an effective ceil- ing price on government bonds , for no ...
... greenbacks . Unfortunately , the public did not respond to the convertibility feature , as a 6 per cent bond at par was not sufficiently attractive . But convertibility did put an effective ceil- ing price on government bonds , for no ...
Page 147
... Greenbacks . Greenbacks began to depreciate in terms of specie almost immediately after they were first issued in the spring of 1862. Speculators and those who needed specie in their business transactions bought it at a premium with ...
... Greenbacks . Greenbacks began to depreciate in terms of specie almost immediately after they were first issued in the spring of 1862. Speculators and those who needed specie in their business transactions bought it at a premium with ...
Page 184
... greenbacks were to be retired until the total greenbacks were reduced to $ 300 million . The seigniorage on gold coinage was abolished , and subsidiary silver coins were to be substituted for fractional paper currency . The Act was ...
... greenbacks were to be retired until the total greenbacks were reduced to $ 300 million . The seigniorage on gold coinage was abolished , and subsidiary silver coins were to be substituted for fractional paper currency . The Act was ...
Contents
The Meaning and Basic Trends of Financial History | 1 |
25 | 4 |
From the Colonial Period to the Civil | 11 |
Copyright | |
52 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