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 330
... rediscount . rate , and seven months before the peak of money in circulation . Although recession began in mid - 1920 , the Federal Reserve authorities pursued deflationary policies well into 1921 , partly because they thought the ...
... rediscount . rate , and seven months before the peak of money in circulation . Although recession began in mid - 1920 , the Federal Reserve authorities pursued deflationary policies well into 1921 , partly because they thought the ...
Page 332
... rediscount rate from 42 to 3 per cent in May and August , 1924. Whether it was so intended or not , the easy - money policy did help Great Britain to restore the gold standard . Gold imports began to decline in 1924 , and gold was ...
... rediscount rate from 42 to 3 per cent in May and August , 1924. Whether it was so intended or not , the easy - money policy did help Great Britain to restore the gold standard . Gold imports began to decline in 1924 , and gold was ...
Page 481
... rediscount rate had become meaningless , for as long as the Federal Reserve supported short - term obligations , it would be illogical for banks to rediscount . Reserve requirements could not be raised effectively , for in most cases ...
... rediscount rate had become meaningless , for as long as the Federal Reserve supported short - term obligations , it would be illogical for banks to rediscount . Reserve requirements could not be raised effectively , for in most cases ...
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