The Annals of the American Academy of Political and Social Science Volume 12

The Annals of the American Academy of Political and Social Science Volume 12

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...side of any group of social phenomena. It lies at the basis of the aesthetic feelings which are of great social significance, and furthermore, it offers endless opportunity for an analysis of the social process in its manifold objective manifestations in social organizations, institutions and customs. To view the facts of social life as they relate to some social imperative, to measure the reactions of individuals both quantitatively and qualitatively in the past and present history of human society, and finally to study the nature of social imperatives through their analysis and classification should be a chief aim of sociology. THE HISTORY OF FIAT MONEY AND CURRENCY INFLATION IN NEW ENGLAND FROM 1620 TO 1789. The scarcity of money was a vexatious problem with the American colonists from the beginning. The tax-gatherers and tradesmen experienced much trouble and delay in making collections. Importations from England of implements of productiont were, at the outset, necessarily proportionate to the wealth of the community. PeltryI and fish, which were marketed here in abundance, settled balances abroad for a time. But the demands, as in every new country, were in excess of those products available for export, hence there was a deficit in London payable in English bills or specie. The specie of the colony was for the most part absorbed by the tradesmen in the course of business and was promptly shipped to London where the accounts of the Massachusetts merchants were at that time constantly in arrears." The colonial treasury received very little coin, and the amount lessened every year proportionately to the assessed valuationfij Live stock and produce were received by the Massachusetts treasury at an early date. Horses, cattle...
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Product details

  • Paperback | 174 pages
  • 189 x 246 x 9mm | 322g
  • United States
  • English
  • black & white illustrations
  • 1236936760
  • 9781236936769