Report of the Special Committee on the State of Trade in Connection with the Discrediting of Silver as Money: Appointed by the Council on the 24th February, 1879 (Classic Reprint) - Couverture souple

Name: Report of the Special Committee on the State of Trade in Connection with the Discrediting of Silver as Money: Appointed by the Council on the 24th February, 1879 (Classic Reprint)
Author: Commerce, Liverpool Chamber Of
ISBN: 9781332899210

Commerce, Liverpool Chamber Of

9781332899210: Report of the Special Committee on the State of Trade in Connection with the Discrediting of Silver as Money: Appointed by the Council on the 24th February, 1879 (Classic Reprint)

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ISBN 10 : 1332899218 ISBN 13 : 9781332899210

Editeur : Forgotten Books, 2018

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1332899218
ISBN 13: 9781332899210
Reliure: Broch�
Nombre de pages: 24
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Report of the Special Committee on the State of Trade in Connection With the

Liverpool Chamber of Commerce

Edit� par Forgotten Books, 2024

ISBN 10 : 1332899218 ISBN 13 : 9781332899210

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Paperback. Etat : New. Print on Demand. This book reports on an investigation by the Special Committee appointed by the Council of the Incorporated Chamber of Commerce of Liverpool to study the impact on international trade caused by a decrease in the value of silver relative to gold. For more than twenty years after 1848, the supply of gold had exceeded that of silver, but this trend reversed in recent years. The author attributes the recent fall in the value of silver to the suspension of its minting in France and other countries, rather than to excessive silver production. As a remedy to the resulting mercantile depression, the committee recommends that England and other key countries agree to fix the ratio of silver to gold and recognize both as legal tender. The author warns of the economic consequences of discarding silver as a currency, and points to the example of India whose financial stability has been jeopardized by the devaluation of silver. This book offers a compelling analysis of the monetary crisis of the late 19th century and its global effects. The committee's report highlights the profound significance of silver as a monetary standard in history and its crucial role in maintaining international trade and financial stability 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 9781332899210_0

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