Excerpt from Lecture Upon Locke's School of Money: The Principles and Practice of Locke's "School of Money" And Unsound Currency Substitutes for Money, 1695, Arithmetically Unveiled to the Easy Comprehension of Travellers, Sailors, and Soldiers of to-Day
The chain rule presents an easy and most admirably adapted method for working all financial and commercial sums. When the formation of the chain is once acquired, there is pleasure and satisfaction to those who work it. The equivalence of the different monetary weights of countries, and between their different weights and measures are arrived at by a natural sequence, while the percentage charges involved in an operation also find a suitable place of more or less according to the desired answer.
The following examples are problems of currency interchanges used by all who have dealings in currency. Not more than one or two illustrations of the combination of the interchange of financial and commercial property with the interchange of currency intermediaries will be given.
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Paperback. Zustand: New. Print on Demand. This book presents a thorough analysis of the principles and practices of money, currency, and their substitutes in the 17th century, a period of significant monetary transformation. The author, an expert in the field, traces the evolution of currency systems, from the establishment of gold and silver standards to the emergence of inconvertible paper-based currencies. The book provides a comprehensive overview of the various types of currencies in use at the time, including automatic gold and silver, gold and silver with coinage charges, and inconvertible paper currencies based on gold or silver. Delving into the intricacies of currency exchange rates, the author explains the concepts of fixed and absolute pars of exchange, and how the ratio between gold and silver influenced these rates. The book also examines the impact of coinage charges and counter charges on the value of currencies. Through numerous examples and case studies, the author demonstrates how these factors affected international trade and finance. This book not only offers a detailed account of 17th-century monetary systems but also provides insights into the broader historical context. It highlights the interplay between monetary policies, economic conditions, and political developments. The author's analysis sheds light on the challenges faced by governments and merchants in managing currency systems during a period of profound economic change. Overall, this book is a valuable resource for anyone interested in the history of money and currency. Its clear and engaging writing style makes it accessible to both scholars and general readers alike. By providing a comprehensive examination of 17th-century monetary practices, the author contributes to our understanding of the evolution of modern financial systems. 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 9781334472503_0
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