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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking (Classic Reprint) - Softcover
Inhaltsangabe
Excerpt from A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking
With the exception of the period from 1797 down to 1819 the paper currency of Great Britain has always been con vertible at pleasure into an equivalent amount of coin of the standard weight and purity. Our bank-notes are not, strictly speaking, money, but only substitutes for money. Inasmuch, however, as no doubt is entertained of their immediate con vertibility into coins, and as they perform some of the principal functions of the latter, and are in many respects more commodious, they are practically held to be money. TO use the words of Lord Mansfield these notes are not, like bills Of exchange, mere securities or documents for debts, nor are so esteemed; but are treated as money in the ordinary course and transactions of business, by the general consent Of mankind; and on payment of them whenever a receipt is required, the receipts are always given as for money not as for securities or notes.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Reseña del editor
Excerpt from A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking
With the exception of the period from 1797 down to 1819 the paper currency of Great Britain has always been con vertible at pleasure into an equivalent amount of coin of the standard weight and purity. Our bank-notes are not, strictly speaking, money, but only substitutes for money. Inasmuch, however, as no doubt is entertained of their immediate con vertibility into coins, and as they perform some of the principal functions of the latter, and are in many respects more commodious, they are practically held to be money. TO use the words of Lord Mansfield these notes are not, like bills Of exchange, mere securities or documents for debts, nor are so esteemed; but are treated as money in the ordinary course and transactions of business, by the general consent Of mankind; and on payment of them whenever a receipt is required, the receipts are always given as for money not as for securities or notes.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking
This collection, of the most valuable of the English tracts and publications on paper currency and banks, may be regarded as supplementary to the volume of tracts on metallic currency, printed for the Political Economy Club. It does not, however, contain any tract having especial reference to paper money, properly so-called, that is, to notes which are legal tender without being convertible at the pleasure of the holder into certain amounts of coin. The value of this variety of paper currency depends on the extent to which it may be issued compared with the demand, or rather with the business it has to perform. Whether those by whom it is issued are in good or bad credit is immaterial. It obtains currency by its issuers having power to make it legal tender; and nothing more is required to sustain its value than that it should be issued in moderate quantities. The value of the assignats issued during the French Revolution was at first nearly equal to that of metallic money; but the quantities of them thrown into circulation being rapidly and enormously increased, their value proportionally declined, till in the end they became all but worthless. And such has invariably been the case wherever inconvertible paper notes have been made legal tender.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330834619
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A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking Classic Reprint
Anbieter: PBShop.store US, Wood Dale, IL, USA
Verkäuferbewertung 5 von 5 Sternen
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330834619
Anzahl: 15 verfügbar
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A Select Collection of Scarce and Valuable Tracts and Other Publications on
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Paperback. Zustand: New. Print on Demand. This book is a collection of 18th century tracts and publications that analyze the monetary systems in the American colonies of Great Britain. The book examines the economic consequences of issuing paper money and explores the debates that occurred at the time regarding the use of metal coins, paper currency, and bank credit. The author presents evidence to demonstrate how fluctuations in currency values impacted international exchange rates, domestic prices, and private contracts. Ultimately, this book provides valuable insights into the history of monetary policy and the challenges of maintaining a stable currency in a rapidly changing economy. 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. Bestandsnummer des Verkäufers 9781330834619_0
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