a history of money from ad 800 phần 4 potx
a history of money from ad 800 phần 4 potx
... by and for tradesmen and merchants rather than the feudal aristocracy. In the course of trading with each other they developed a system of ‘trade fairs’ where, in effect, normal laws were largely ... much at heart and will inaugurate that new monetary era the lofty object of the international conference, and the noblest aim of the concourse of nations, as yet without parallel in t...
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a history of money from ad 800 phần 1 pptx
... then began the attempt to develop an adequate system of bank and credit regulation (back to Part II). The Bank Charter Act of 1 844 , was preceded and followed by a series of financial crises as the ... banking, and explain what can seem to Europeans the parochialism and backwardness of American retail banking. 4 A HISTORY OF MONEY system. Later, though, it was England alo...
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a history of money from ad 800 phần 2 docx
... another of the periodical adjustments needed to take account of normal wear and tear on the actual circulating coins and of changes in the relative prices of gold and silver. Wear and tear has ... cloths of Flanders were exchanged in Africa for Guinean gold and the linens of Rheims were bought for the silks of China in the heart of Asia. (Bautier 1971: 146 ) The great trade fa...
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a history of money from ad 800 phần 3 docx
... European traders discovered that the ratio in Japan was 4 to 1. Great profits were made—for a short time…At the time of the treaty of 1858 between Great Britain, the United States and Japan a very ... Money which has already lost at least 2/5 parts of its Intrinsick value by Clipping and Adulteration. (Li 1963:218) Newton (1696) also made a point about the gold/silver ratio. A...
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a history of money from ad 800 phần 5 docx
... company appeared to have a nominal capital of 40 million, a market capitalization of 40 0 million a vast sum of money in those days. The greater part of this represented the sudden accretion of ... money was used, but still as a convenient means of money transmission, rather than a major component of money supply. The period was also a great age of European...
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a history of money from ad 800 phần 6 ppsx
... of barter. Although the Bank of England blamed the country banks for the crisis, and vice versa, there was no Parliamentary enquiry as it was fairly clear already what had happened. As William ... fate was that of nearly all who have dealt in innovative fashion with money (Galbraith 1975:82). This is hardly fair. Biddle was a conservative and competent banker. Maybe he was a megalo...
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a history of money from ad 800 phần 7 docx
... structure of UK banking law and practice was, from a monetary point of view, now in place. BANK CHARTER ACT 1 844 : THE CRISIS OF 1 847 197 21 THE BANK CHARTER ACT OF 1 844 AND THE CRISIS OF 1 847 THE BANK ... ordered payment by way of precaution. And after the notice we only required about £100,000 instead of £200,000. From that day we had a market of comparative e...
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a history of money from ad 800 phần 8 pptx
... countenance the introduction of a paper money or a national bank, either of which can only produce a great evil and of which the memories alone are capable of frightening us because of the abuse and ... distinguishing between an advance of capital to merchants as an additional supply of currency to the general mass of circulating medium’ (page 50). The concept …that wh...
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a history of money from ad 800 phần 9 pps
... 1891 and replaced by the Banco de la Nacion Argentina. Brazil The situation was broadly similar to that in Argentina. Notes of the Bank of Brazil date from 1808. Gold and silver had disappeared, ... concludes that ‘it was easy to show that one of the striking lessons of experiments of paper 246 THE AMERICAN CIVIL WAR AND THE GREENBACKS Seward as Secretary of State. He was a h...
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a history of money from ad 800 phần 10 ppt
... 119 Asiento trading agreement 138–1 Asquith, Herbert H., Earl of Oxford 2 64 assayed value of coinage 10, 11 Assignation Banks (Russia) 255 Assignats (France) 220–8; failures of 225–9; value of 228 Astor, ... Debts, and a Letter to His Majesty relating to the same; referred to in the last-mentioned Treaties, January 14 17 14. (5) Calculations and Remarks relating to Half-Pay, and...
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