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 114
It pro- duced an inelastic currency , and it was only as safe as the securities deposited against the notes . In the beginning , New York banks posted bonds issued by Southern and Western states . These were poor , and when banks failed ...
It pro- duced an inelastic currency , and it was only as safe as the securities deposited against the notes . In the beginning , New York banks posted bonds issued by Southern and Western states . These were poor , and when banks failed ...
Page 281
Panic- stricken investors offered their securities at any price , and selling was so great that on July 31 the London Stock Exchange closed for the first time in history . Liquidation was not confined to the European exchanges but ...
Panic- stricken investors offered their securities at any price , and selling was so great that on July 31 the London Stock Exchange closed for the first time in history . Liquidation was not confined to the European exchanges but ...
Page 506
The 22 per cent rate on long - term government securities is an integral part of the financial structure . . . . Any increase in the 21⁄2 per cent rate would ... seriously upset the existing security markets .
The 22 per cent rate on long - term government securities is an integral part of the financial structure . . . . Any increase in the 21⁄2 per cent rate would ... seriously upset the existing security markets .
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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 |