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 17
... inflation policy . This policy was followed because inflation would violate the mercantilist philosophy by benefiting American trade at the ex- pense of agriculture , because British merchants complained bitterly as inflation ...
... inflation policy . This policy was followed because inflation would violate the mercantilist philosophy by benefiting American trade at the ex- pense of agriculture , because British merchants complained bitterly as inflation ...
Page 479
... inflation . " 31 Those who disagreed with the Treasury's policy conceded that re- leasing control over the interest rate would result in substantial liquidation by investors , but they proposed to prevent this by refunding the debt into ...
... inflation . " 31 Those who disagreed with the Treasury's policy conceded that re- leasing control over the interest rate would result in substantial liquidation by investors , but they proposed to prevent this by refunding the debt into ...
Page 563
... inflation . Those who were responsible for monetary policy did not share this roseate view . They were well aware that monetary policy could not work miracles . They protested that they could not do the job without the aid of fiscal ...
... inflation . Those who were responsible for monetary policy did not share this roseate view . They were well aware that monetary policy could not work miracles . They protested that they could not do the job without the aid of fiscal ...
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