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 289
... offered a simple but dangerously inflationary method of financing . Perhaps , in the absence of alternatives , the first sale of short - term obligations to the banks was necessary , but at later periods , it should have been forsaken ...
... offered a simple but dangerously inflationary method of financing . Perhaps , in the absence of alternatives , the first sale of short - term obligations to the banks was necessary , but at later periods , it should have been forsaken ...
Page 290
... 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 higher interest rate bonds were offered at any future ...
... 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 higher interest rate bonds were offered at any future ...
Page 452
... offered three different types of savings bonds as well as the usual long - term bonds . In addition , it offered short - term obligations to corporations and those in the upper - income brackets who for one reason or another de- sired ...
... offered three different types of savings bonds as well as the usual long - term bonds . In addition , it offered short - term obligations to corporations and those in the upper - income brackets who for one reason or another de- sired ...
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