Some Modern Monetary Questions Viewed by the Light of Antiquity: A Paper Read Before the Society April 1, 1880 (Classic Reprint)

Name: Some Modern Monetary Questions Viewed by the Light of Antiquity: A Paper Read Before the Society April 1, 1880 (Classic Reprint)
Brand: Forgotten Books
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By Toppan, Robert Noxon

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Description

Excerpt from Some Modern Monetary Questions Viewed by the Light of Antiquity<br/><br/>Language could hardly be stronger to condemn, by the light of experience, the attempt made recently to reinstate in its former position a metal which the force of circumstances has driven to a subordinate place, and if persisted in, it must lead to financial trouble. The same process that has been going on in Europe and America since the addition to the amount of gold in the world by the pro ducts of California and Australia Â the substitution of a gold basis for a silver one Â can be distinctly traced in the monetary history of Rome, where the old Oopper standard was slowly' displaced by silver as that metal became more abundant, from conquest and by com mercial intercourse, and Silver in turn yielded to gold when that metal became sufficiently abundant to supply the demands of com merce, so that silver became subsidiary to gold, just as cupper had become subsidiary to silver.

Product details

Binding:: Paperback
Number of Pages:: 13
Release Date:: 2018-08-24
Publication Date:: 2018-08-24
Publisher:: Forgotten Books
Languages:: Published: English, Original: English
ISBN10:: 1333351119

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