The Standard of ValueLongmans, Green and Company, 1896 - 187 pages |
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Page xii
... his colleagues , in 1870 , who are responsible for the unprincipled and unjust substitu- tion of the Gold Sovereign for the Pound Sterling . But 1 See p 156 . although the Act of 1816 clearly provides for the re- xii THE STANDARD OF VALUE.
... his colleagues , in 1870 , who are responsible for the unprincipled and unjust substitu- tion of the Gold Sovereign for the Pound Sterling . But 1 See p 156 . although the Act of 1816 clearly provides for the re- xii THE STANDARD OF VALUE.
Page 2
... sovereigns by an arbitrary piece of legislation unguided by any shadow of financial principle ? Or was it , perhaps , that Sir Robert Peel's qualms of conscience were more clearly expressed in private conversation with the 2 THE ...
... sovereigns by an arbitrary piece of legislation unguided by any shadow of financial principle ? Or was it , perhaps , that Sir Robert Peel's qualms of conscience were more clearly expressed in private conversation with the 2 THE ...
Page 7
... sovereign , containing 123 grains of standard gold , is our standard unit , or measure of value . We cannot measure directly with the whole mass of gold which forms the standard of value , but . with the coin which is a fraction of that ...
... sovereign , containing 123 grains of standard gold , is our standard unit , or measure of value . We cannot measure directly with the whole mass of gold which forms the standard of value , but . with the coin which is a fraction of that ...
Page 10
... sovereigns paid for the coal , are both real wealth or intrinsic values ; whereas a bill of exchange drawn against the coal , or a bank cheque drawn to pay for it , are merely representatives of wealth or value , without intrinsic value ...
... sovereigns paid for the coal , are both real wealth or intrinsic values ; whereas a bill of exchange drawn against the coal , or a bank cheque drawn to pay for it , are merely representatives of wealth or value , without intrinsic value ...
Page 18
... sovereigns the same . In neither case is there mathematical accuracy , but the ratio of 15 to 1 between silver and gold was maintained as accurately as the ratio of equality between gold coins.1 As this quasi - theoretical point is ...
... sovereigns the same . In neither case is there mathematical accuracy , but the ratio of 15 to 1 between silver and gold was maintained as accurately as the ratio of equality between gold coins.1 As this quasi - theoretical point is ...
Common terms and phrases
20 per cent action amount ANDREW LANG argument bimetallism bimetallists bondholders C. J. LONGMAN cause circulation coinage of silver Commission on Gold commodities creditor Crown 8vo debtor depreciation double standard Economist effect England English enhanced Essays fact fall Fifth Edition fluctuations France free coinage French French mint gold and silver gold coins gold prices gold sovereign gold standard Government HISTORY Illus Illustrations increased index number India injustice interest labouring legislation London Lord Liverpool matter Max Müller measure of property merely metal monometallic National Debt Parliament pay in silver Plates pound sterling pound weight practical present price of silver question relative value repudiation restoration right to pay rise Royal Commission silver and gold silver coins silver pound silver standard standard of value supply Text tions trations unlimited coinage unlimited legal tender value of gold value of silver vols weight whilst
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