A Letter to Lord Archibald Hamilton, on Alterations in the Value of Money; And Containing an Examination of Some Opinions Recently Published on That Subject

A Letter to Lord Archibald Hamilton, on Alterations in the Value of Money; And Containing an Examination of Some Opinions Recently Published on That Subject

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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. 1823 edition. Excerpt: ...to its circulation of notes. ' During this suspension of the old standard, and of the meassures necessary to maintain it, prices advanced to the rate of the war prices. These 'were not the prices of scarcity; for they were accompanied with an extraordinary degree of prosperity, amongst all classes. The revenue, which had rapidly fallen off in;1815, and 1816, and which again greatly fell off in.1819 and 189.0, 'expel rienced a rapid increase in 1818, to an extent, of which no other instance can be given. Gold bullion evinoed!astrongtendency to advance greatly in price, but was' pncvontech from: advancing beyond 5 or 6 per cent, in consequence of greatsales'by the Bank. The prosperity of that time extended alike to agriculture, to manufactures, to icomrnerce, to the shipping interest, to the revenue: and eyery other essential interest of the state. It was no inore than the ease which the country felt, when its contracts of all kinds, and hurthens, were again exacted in money.of that value in which 'they had been founded. in.181.8., .in.any greatendegree than would have been maintained if.. Bank;otEngland' had' been maintained also. 7, aE'lnt.-thashigl"!irioeflIi5tlie'l'vd1, ?. i'fd the' low prices' of the pre, 1359 t ti.ie;Yjha.?e3 "Tly'b.1!i"f.-alterations. rm' one s'thtida'rd._'ttl' olxthei country in 1818, '''""'e.5&pei'i& centsm tiriie H as '' it termed, alfords 'ii;$.i$til11B evidence.. The yew;,1818 waaaperiod removedfrorn 'the influence of l;h8'W8r'fll't(l its operations; '' But the old standarshow more

Product details

  • Paperback | 38 pages
  • 189 x 246 x 2mm | 86g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236888952
  • 9781236888952