ISBN: 113067844X

Paperback, [EAN: 9781130678444], RareBooksClub.com, RareBooksClub.com, Book, [PU: RareBooksClub.com], RareBooksClub.com, This historic book may have numerous typos and missing text. Purch… More...

Paperback, [EAN: 9781130678444], RareBooksClub.com, RareBooksClub.com, Book, [PU: RareBooksClub.com], RareBooksClub.com, This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1871 Excerpt: ...to more than one-tenth, it has been found necessary to give them a forced currency. Notwithstanding this measure, gold and silver has been f»r many years at a premium, varying from 10 to 15 per cent. The destruction. of public credit, through an illimited issue of.uper money, is of old standing. In the reign of Catherine II., the first attempt, on a large scale, was made to cover the annual deficits by a very liberal supply of paper roubles, the sum total of which at tlic death of the Empress, 1796, amounted to 200,000,000. During the subsequent wars with France and Turkey, new.emissions of paper followed,.with the consequence that, in 1815, the notes had fallen to 418, that is, one silver rouble was worth four roubles eighteen copecs in paper. Great efforts were now made by the Government to improve tliis state of things, by withdrawing a portion of the paper from circulation.. After ten years of improved financial management, there remained, however, still 000,000,000 of,notes, circulating at the rate of three paper roubles to one silver rouble. As a final remedy, the Imperial Government withdrew, in 1843, the whole of the old paper money, introducing, in its stead, a new form of bank notes, with forced currency. By these and other means, particularly the 'stablishment of the State bank above mentioned, the nominal value of the paper money, called Bills of Credit, was considerably raised, was to stand only at from 10 to 15 per cent, discount. However, as will be seen from the above statement, the issue of paper money continues at an increasing rate, the note circulation having more than doubled in ten years. The finances of the Grandrduchy of Finland, represented by an average annual revenue and expenditure of 3,000,000 roubles, or about 429,000/., a..., 5035, World, 15812171, Civilization & Culture, 3825131, Expeditions & Discoveries, 4992, Jewish, 6343224011, Religious, 16244141, Slavery & Emancipation, 15812211, Women in History, 9, History, 1000, Subjects, 283155, Books<

ISBN: 9781130678444

RareBooksClub. Paperback. New. This item is printed on demand. Paperback. 240 pages. Dimensions: 9.7in. x 7.4in. x 0.5in.This historic book may have numerous typos and missing text. Pur… More...

RareBooksClub. Paperback. New. This item is printed on demand. Paperback. 240 pages. Dimensions: 9.7in. x 7.4in. x 0.5in.This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1871 Excerpt: . . . to more than one-tenth, it has been found necessary to give them a forced currency. Notwithstanding this measure, gold and silver has been fr many years at a premium, varying from 10 to 15 per cent. The destruction. of public credit, through an illimited issue of. uper money, is of old standing. In the reign of Catherine II. , the first attempt, on a large scale, was made to cover the annual deficits by a very liberal supply of paper roubles, the sum total of which at tlic death of the Empress, 1796, amounted to 200, 000, 000. During the subsequent wars with France and Turkey, new. emissions of paper followed, . with the consequence that, in 1815, the notes had fallen to 418, that is, one silver rouble was worth four roubles eighteen copecs in paper. Great efforts were now made by the Government to improve tliis state of things, by withdrawing a portion of the paper from circulation. . After ten years of improved financial management, there remained, however, still 000, 000, 000 of, notes, circulating at the rate of three paper roubles to one silver rouble. As a final remedy, the Imperial Government withdrew, in 1843, the whole of the old paper money, introducing, in its stead, a new form of bank notes, with forced currency. By these and other means, particularly the stablishment of the State bank above mentioned, the nominal value of the paper money, called Bills of Credit, was considerably raised, was to stand only at from 10 to 15 per cent, discount. However, as will be seen from the above statement, the issue of paper money continues at an increasing rate, the note circulation having more than doubled in ten years. The finances of the Grandrduchy of Finland, represented by an average annual revenue and expenditure of 3, 000, 000 roubles, or about 429, 000. , a. . . This item ships from La Vergne,TN., RareBooksClub<