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 29
... certificates were offered at 4 per cent , but the rate was too low , and only a few certificates were sold . The rate was raised to 6 per cent , and after September , 1777 , sales began to increase . Three factors induced people to buy ...
... certificates were offered at 4 per cent , but the rate was too low , and only a few certificates were sold . The rate was raised to 6 per cent , and after September , 1777 , sales began to increase . Three factors induced people to buy ...
Page 216
... certificates were specifically redeemable in silver . ( 4 ) The paper money issued under the Sherman Act was full legal tender , whereas the Bland - Allison silver certificates were not legal tender for private transactions . ( 5 ) The ...
... certificates were specifically redeemable in silver . ( 4 ) The paper money issued under the Sherman Act was full legal tender , whereas the Bland - Allison silver certificates were not legal tender for private transactions . ( 5 ) The ...
Page 290
... certificates . On October 1 , 1917 , the Treasury offered the Second Liberty Loan for $ 3 billion in 10-25 - year bonds , with interest at 4 per cent , 1⁄2 per cent higher than the first loan . These bonds were also convertible if ...
... certificates . On October 1 , 1917 , the Treasury offered the Second Liberty Loan for $ 3 billion in 10-25 - year bonds , with interest at 4 per cent , 1⁄2 per cent higher than the first loan . These bonds were also convertible if ...
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 balance bank notes bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash certificates circulation cities Civil coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks important imposed income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary monetary policy money market money supply municipal National Bank Act national banks operations paper money payments pensions period President proposed purchase receipts recommended redeem reduced refunding repealed retirement revenue Secretary securities Senate silver sold specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York