Depreciated Currency and Diminished Railway Rates (Classic Reprint) - Couverture souple

Edward G. Ward

Couverture souple

ISBN 10 : 1330775856 ISBN 13 : 9781330775851

Editeur : Forgotten Books, 2018

Synopsis

Economic crisis era guide shows how money value shifts ripple through rail costs and prices. This work examines how the dollar’s purchasing power has changed since 1897 and what that means for railway rates, costs, and public policy. It presents a critical look at the link between currency value, inflation, and transport economics.

This edition gathers expert opinions and data-driven discussion to explore why railway schedules may need revision and how monetary depreciation affects business and public welfare. It uses historical context to explain why prices and wages rise even as nominal rail rates appear steady, and what policy moves could stabilize essential services.

• How currency depreciation influences real (purchasing power) costs for railways and shippers


• Views from economists and industry observers on whether rates should adjust in response


• How index numbers and price data are used to measure depreciation and its impact


• Practical framing for readers interested in money, commerce, and transportation policy

Ideal for readers of finance history and economic policy who want a clear, data-informed view of early 20th‑century monetary change and its real-world consequences. This edition helps readers understand the debate about how monetary value interacts with infrastructure and industry.

A propos du livre

Présentation de l'éditeur

During the summer of 1908 the daily press gave currency to rumors that the railways of the United States were considering a general revision of their schedules of freight rates with a view to obtaining increased revenue. Accompanying these reports were statements that the augmented cost of conducting the business of supplying railway transportation had made increased revenue absolutely necessary if wages were to be maintained at the existing level and interest obligations met. It was alleged that railway labor was costing vastly more than formerly, that locomotives, cars, rails, fuel, supplies and materials of all kinds, had increased greatly in cost and that while these changes had been in progress railway rates had remained substantially stationary or had, upon the average, declined. The meaning of these statements, if they could be accepted as accurate, was clearly that there had been a material decline in the value of the money received by the railways which, not having been offset by a corresponding increase in the sums received for particular services, amounted to a genuine decline in railway rates. Further, it was plain, that if such a decline had taken place and had proceeded so far as to endanger the current wages of railway employees or to render doubtful the ability to earn interest on bonds or a fair return to investors, the employees of the railways and owners of railway property were justly entitled to such nominal increases in rates as would, in part at least, offset the real reductions.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attent

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1330775856
• ISBN 13: 9781330775851
• Reliure: Broché
• Nombre de pages: 131
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