Co-Operative Finance; An American Method for the American People, to Encourage Business, Farming, Home-Owning, Individual and Corporate Success, Social Justice and National Prosperity

Co-Operative Finance; An American Method for the American People, to Encourage Business, Farming, Home-Owning, Individual and Corporate Success, Social Justice and National Prosperity

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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. 1912 edition. Excerpt: ...to 29 per cent thereof during the previous decade. Of the total net quantity added to supply of gold in the United States during the past eleven years, no less than oneWorld's Production of Gold for Two Periods SECOND per'd ELEVEN YRS. I9OO-I0, FIRST PER,0D TEN YRSJ890-99 Aggregate Production for this first period of 10 years Aggregate Production for this second period of 11 yean II, %0,000,000, making an average of 197 millions annually. $4,035,000,000, making an average of 367 millions annually. COMPARISONS AND AGGREGATES FOR THE TWO PERIODS World's Consumption of Gold for Two Periods SECOND PER, OD, ELEVEN YRS. 1900-I0y FIRST PER, OD TEN YRS. 1890-99 third was employed in the arts. Thus only two-thirds of our supply was consumed by the additions to our stock of coined money and refined bullion. Use of Gold as Money Therefore, it is conservative to say that of the total production of gold throughout the world during the past 21 years, other than that which is used for industrial purposes, only about onehalf went to enrich the stocks of money in the commercial nations, and the other half went to India, Egypt, South America, Japan and Mexico. This entirely new condition proves in a striking manner how the human race adapts itself to changing circumstances. Only about half of the increased flood of gold is coming into monetary uses in the commercial nations, the balance being taken by peoples who in former years did not figure largely as gold consumers. Those new consuming countries were not even mentioned in the gold statistics prior to 1900. The significance of this remarkable evolution is here: even if the present rate of increase in gold production should continue during the current decade, since only about half of the new supply is...show more

Product details

  • Paperback | 102 pages
  • 189 x 246 x 5mm | 195g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236899342
  • 9781236899347