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 |
From inside the book
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Page 16
... paper from circulating in Massachusetts . They issued £ 110,000 of notes ... money . In 1740 the Massachusetts Land Bank was formed . Its capital was ... money forces . The Massachusetts bank was only short - lived , for in 1741 ...
... paper from circulating in Massachusetts . They issued £ 110,000 of notes ... money . In 1740 the Massachusetts Land Bank was formed . Its capital was ... money forces . The Massachusetts bank was only short - lived , for in 1741 ...
Page 27
... Paper - money Issues . The exact cost of the Revolution to the Conti- nental Congress is impossible to ascertain , because the expenditures were made in money which constantly changed in value , and because the accounts were complicated ...
... Paper - money Issues . The exact cost of the Revolution to the Conti- nental Congress is impossible to ascertain , because the expenditures were made in money which constantly changed in value , and because the accounts were complicated ...
Page 28
... money of any denomina- tion exceeds what is useful as a medium of commerce , its comparative value must be proportionately reduced . " Yet it went right on issuing more paper money- $ 13 million in 1777 , $ 63 million in 1778 , and ...
... money of any denomina- tion exceeds what is useful as a medium of commerce , its comparative value must be proportionately reduced . " Yet it went right on issuing more paper money- $ 13 million in 1777 , $ 63 million in 1778 , and ...
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