COPYRIGHT, 1926, BY F. S. CROFTS & CO., INC. HG221 1725 MANUFACTURED IN THE UNITED STATES OF AMERICA PREFACE This book is frankly a text for beginners, not a treatise for advanced students. It aims to give a comprehensive treatment of most of the subjects presented. In the case of monetary theory, the discussion is not so full. However, the student is given at least a general knowledge of the important current theories. It does not contain so much controversial matter as the books written by those engaged in the Free Silver campaigns or in the disputes over the Quantity Theory of Money which followed those campaigns. A fuller treatment than usual is given to price movements in general and in particular groups and the interrelations between the price movements of different groups. A considerable amount of material is given about the effects of the Great War on monetary affairs. The book is designed particularly to meet the needs of two sets of students; first, those in Schools of Commerce who take a course in Money and Credits, usually in the Sophomore year; second, those in Liberal Arts colleges who take a course in Money and Banking in the Junior or Senior years. For the latter group, this book, along with a book on Banking would offer a fuller treatment than the books combining both Money and Banking. Some of the questions at the ends of the chapters are designed to test the student's knowledge of what he has read. Others cannot be answered on the basis of what is given in the text, but suggest broader inquiries. Acknowledgment is made of the kindness of Harcourt, Brace and Company in permitting the use of selections from Papini's "Life of Christ" and Keynes's "Monetary 632238 |