The digital edition of all books may be viewed on our website before purchase. Excerpt from The Bank Act and the Currency
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book features a debate on currency regulation between the author, a monetary critic, and Lord Overstone, a strong supporter of the Bank Act of 1844. The author argues that the Act, founded on the principle of regulating Britain's currency by the foreign exchange market, has caused immense damage and impoverishment through its creation of repeated crises and panics, such as those of 1847 and 1857. The author contrasts this with Overstone's belief that the system brings economic prosperity, pointing out Britain's immense economic growth during this period was driven by gold discoveries, free trade, and the railway system, not the Bank Act. This insightful book concludes that a steady and equable currency should not be regulated against the tides of other countries' currencies, and that the price of gold, the basis of Britain's currency, should be regulated instead. 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 réf. du vendeur 9781333453145_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781333453145
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781333453145
Quantité disponible : 15 disponible(s)