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 |
From inside the book
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Page 315
... interest rates of 44 and 43 per cent and together with the use of the cash balance and the revenue surplus placed ... interest rates rose sharply . In March , 1920 , the Treasury offered certificates at the comparatively low rate of 434 ...
... interest rates of 44 and 43 per cent and together with the use of the cash balance and the revenue surplus placed ... interest rates rose sharply . In March , 1920 , the Treasury offered certificates at the comparatively low rate of 434 ...
Page 545
... rate . But paying higher interest rates also had offsetting dis- advantages . It increased the government's interest charges , and even though economists argued with impeccable logic that interest charges were nothing but a transfer ...
... rate . But paying higher interest rates also had offsetting dis- advantages . It increased the government's interest charges , and even though economists argued with impeccable logic that interest charges were nothing but a transfer ...
Page 565
... interest rates , being administered prices , moved sluggishly in response to supply and demand.28 Moreover , they objected to the whole idea of higher interest rates because they not only weakened the government bond- market , but their ...
... interest rates , being administered prices , moved sluggishly in response to supply and demand.28 Moreover , they objected to the whole idea of higher interest rates because they not only weakened the government bond- market , but their ...
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