The Gold Standard (Classic Reprint): Its Causes, Its Effects, and Its Future - Couverture souple

Kardorff-Wabnitz, William Von

 
9781332921317: The Gold Standard (Classic Reprint): Its Causes, Its Effects, and Its Future

Synopsis

This book focuses on the monetary debate of the 19th century when many major economies were transitioning to the gold standard. This controversial decision resulted in many debates about the merits of the gold standard, and the author provides thorough research discussing the negative effects of demonetizing silver, contrasting the situations of countries like England, America, France, and Germany in their transition. Additionally, this book provides critical insights into the rise of the gold standard as a reflection of the political and economic issues of the time. Overall, this book gives a valuable historical examination of the economic landscape of the 19th century and its implications for the 21st century.

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Présentation de l'éditeur

The question of ihe relative merits of bi-metallism and the single gold standard, and of the consequences involved in an attempt to give universality to the gold standard, has attracted but little attention and elicited less popular discussion in this country. Although our Government invited an International Convention on the question, and has been instructed by Congress to take further steps to promote the universal acceptance of the double standard on a basis to be fixed by treaty between all the great commercial powers, the import of its action appears to be but little understood by those who, without having considered European opinion on the subject, dispose of it as though it were but an unimportant local question, and treat that which is pre-eminently an international question as though it were exclusively a national one. The following pages by Baron William von Kardorff-W abnitz, will give the reader an idea of the breadth and earnestness of the continental discussion of this question. The profound and general study which Baron Kardorff has given to it is illustrated by every page of his pamphlet. He many years ago avowed himself a disciple of Henry C. Carey. He accepted and labored earnestly to promote the establishment of the Empire ;but he dissented from the action of the Government when it abandoned the protectionist traditions of Germany, and substituted approximate free trade for the system of protective duties which had grown up under the Zoll-V erein the customs union, the avowed object of which, while giving freedom of intercourse to the German people among themselves, was to protect their industries against foreign competition, and which gave that breadth, stability, and power to those industries, and that union among the several German states which resulted in the great German Empire of 1866-70. During his more than ten years service in the
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