Excerpt from The Essential Elements of a Monetary System: Address Before the World's Congress of Bankers and Financiers, Chicago, June, 1893
The remedy lies exclusively in the hands of Congress. And Congress alone is responsible for the consequences.
Had proper financial legislation been enacted in 1891 or 1892 the past damages would have been averted, and today the nation would be in the midst of prosperity.
The conditions will grow worse until our financial system is reduced to a scientific system worthy of the intelligence of our nation.
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Paperback. Zustand: New. Print on Demand. This book delves into the historical and economic significance of the monetary system as an essential element in the development of civilization. The author argues that the volume, safety, elasticity, convertibility, uniformity, and circulation of money are all crucial factors in determining the overall strength of a monetary system. Recognizing the need for an international money system, the author proposes an international clearinghouse model to facilitate global financial transactions and avoid the disruption of individual economies. Additionally, the book examines the challenges associated with silver and gold as currency and proposes an innovative solution based on the creditworthiness of sixty-six million people. By exploring these complex topics with clarity and depth, this book provides a comprehensive understanding of the monetary system and its impact on nations and individuals. 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 9781331351931_0
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331351931
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331351931
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