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

Explore the causes, effects, and future of the gold standard and its global impact. This edition examines how monetary policy shaped twentieth‑ and nineteenth‑century economies, and why silver and gold choices mattered for nations and markets.

The book traces the rise and collision of monetary theories, from silver demonetization to the push for the gold standard in major economies. It explains, in clear terms, how policy shifts affected trade, prices, and everyday life, without blaming any one country alone.


  • How different countries approached silver and gold, and why those choices mattered for global trade.

  • Connections between monetary policy, inflation, currency value, and economic growth.

  • Arguments for and against the gold standard and what they meant for national economies.

  • Speculation on how future policy decisions could shift world financial balance.



Ideal for readers of economic history and policy analysis who want a concise, accessible overview of the standard question and its long reach.

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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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