Journal of the House of Representatives of the State of Michigan: Extra Session, 1870 (Classic Reprint) - Couverture souple

Michigan House Of Representatives

9781332862122: Journal of the House of Representatives of the State of Michigan: Extra Session, 1870 (Classic Reprint)

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ISBN 10 : 1332862128 ISBN 13 : 9781332862122

Editeur : Forgotten Books, 2018

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The digital edition of all books may be viewed on our website before purchase. Excerpt from Journal of the House of Representatives of the State of Michigan: Extra Session, 1870 (Classic Reprint)

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1332862128
ISBN 13: 9781332862122
Reliure: Broch�
Nombre de pages: 213
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Journal of the House of Representatives of the State of Michigan: Extra Session

Michigan House of Representatives

Edit� par Forgotten Books, 2024

ISBN 10 : 1332862128 ISBN 13 : 9781332862122

Neuf Paperback

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book is an insightful look at the political and financial crisis faced by Michigan in 1870 following a series of court decisions which deemed several railroad aid laws unconstitutional. As a result of the ruling, railroad construction came to a halt, leaving numerous municipalities holding bonds for projects that could not be completed or were already underway. The impasse created a financial crisis for the state, the ramifications of which had the potential to inflict widespread economic hardship. The author presents an in-depth analysis of the events leading up to the crisis, and provides insight into the legal and political wrangling that ensued, with the state seeking to protect its honor and economic well-being and the municipalities seeking to avoid repudiation of their debts. The result is a valuable contribution to the historical record of Michigan's political and financial development and offers lessons in fiscal responsibility and the importance of clear and enforceable legislation. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781332862122_0

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