ISBN: 9781154000498

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 illustra… More...

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. 1912. Excerpt: ... profits of tens of millions of dollars, and taught lessons which must prove of value to China and the South American countries which are at present contemplating important monetary reforms. Like the proverbial dog which licked the hand of the master who was about to beat it, silver rendered to several countries a most beneficent service at the very time they were discarding it as the standard money metal. It is the object of this paper to give a brief account of the silver market during the period in question, to consider the forces leading to the rise in the price of the white metal, and to trace some of the results as shown in the currency systems of the Philippine Islands, the Straits Settlements, Japan, and Mexico. Extent of Rise in Price of Silver From 1872 until 1903 the gold price of silver had tended strongly downward--a fact made familiar to all by the bimetallic controversy. The average annual price of British standard silver (i.e., silver.925 fine) in London fell from 60 d. per ounce (giving a ratio with gold of 15.63 to 1) in 1872 to 24fd. (giving a ratio of 38.10 to 1) in 1903; a decline having taken place in twenty-two of the thirtyone years. In only one month, October, 1900, the time of the adjustment of the Boxer troubles in China, had silver been above 30d. since November, 1896,1 and the opinion had become quite general that silver had come down to stay. There was much talk of the probabilities of a further decline; very little of 1 The figures for the price of silver are those for British standard siiver In London as given in the annual circulars of Plxley and Abell, bullion brokers. London. For a brief general history of silver the reader Is referred to Paul George. Die Bewegung des SUberprcIses selt 1873. Jena: Gustav Fischer, 1908. ... Frank William Taussig, Books, Business and Finance, The Quarterly Journal Of Economics (volume 26) Books>Business and Finance The book has no illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher's website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Volume: 26; Original Publisher: Published for Harvard University by the MIT Press; Publication date: 1912; Description: Vols. 1-22 include the section: Recent publications upon economics.; Subjects: Economics; Business<

ISBN: 9781154000498

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 illustra… More...

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. 1912. Excerpt: ... profits of tens of millions of dollars, and taught lessons which must prove of value to China and the South American countries which are at present contemplating important monetary reforms. Like the proverbial dog which licked the hand of the master who was about to beat it, silver rendered to several countries a most beneficent service at the very time they were discarding it as the standard money metal. It is the object of this paper to give a brief account of the silver market during the period in question, to consider the forces leading to the rise in the price of the white metal, and to trace some of the results as shown in the currency systems of the Philippine Islands, the Straits Settlements, Japan, and Mexico. Extent of Rise in Price of Silver From 1872 until 1903 the gold price of silver had tended strongly downward--a fact made familiar to all by the bimetallic controversy. The average annual price of British standard silver (i.e., silver.925 fine) in London fell from 60 d. per ounce (giving a ratio with gold of 15.63 to 1) in 1872 to 24fd. (giving a ratio of 38.10 to 1) in 1903; a decline having taken place in twenty-two of the thirtyone years. In only one month, October, 1900, the time of the adjustment of the Boxer troubles in China, had silver been above 30d. since November, 1896,1 and the opinion had become quite general that silver had come down to stay. There was much talk of the probabilities of a further decline; very little of 1 The figures for the price of silver are those for British standard siiver In London as given in the annual circulars of Plxley and Abell, bullion brokers. London. For a brief general history of silver the reader Is referred to Paul George. Die Bewegung des SUberprcIses selt 1873. Jena: Gustav Fischer, 1908. ... Frank William Taussig, Books, Business and Finance, The Quarterly Journal Of Economics (volume 26) Books>Business and Finance, General Books LLC<

ISBN: 9781154000498

Frank William Taussig,Paperback, English-language edition,Pub by General Books LLC Books Books ~~ Business & Economics~~ General The-Quarterly-Journal-of-Economics~~Frank-William-Taussig … More...

Frank William Taussig,Paperback, English-language edition,Pub by General Books LLC Books Books ~~ Business & Economics~~ General The-Quarterly-Journal-of-Economics~~Frank-William-Taussig General Books LLC The book has no illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher's website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Volume: 26; Original Publisher: Published for Harvard University by the MIT Press; Publication date: 1912; Description: Vols. 1-22 include the section: Recent publications upon economics.; Subjects: Economics; Business<

ISBN: 9781154000498

Frank William Taussig, Paperback, English-language edition, Pub by General Books LLC Books, Business & Economics~~General, The-Quarterly-Journal-of-Economics~~Frank-William-Taussig, 99999… More...

Frank William Taussig, Paperback, English-language edition, Pub by General Books LLC Books, Business & Economics~~General, The-Quarterly-Journal-of-Economics~~Frank-William-Taussig, 999999999, The Quarterly Journal Of Economics (Volume 26), Frank William Taussig, 1154000494, General Books LLC, , , , , General Books LLC<