a history of money from ad 800 phần 8 pptx
a history of money from ad 800 phần 8 pptx
... total pre-
revolution money supply was 2 billion) and the value of the Assignats fell to
about a quarter of their face value in bullion. The Law of Maximum was
A HISTORY OF MONEY 223
Part 1 examines ... records available
show that, as a banker, he was capable of handling large transactions. He
appears to have operated successfully in accordance with the sound principles...
a history of money from ad 800 phần 1 pptx
... clear, from even
a cursory reading of the sources, that many of the problems and events we
shall discuss had their parallels in earlier centuries. I can offer only a
tantalising glance at a few ... then began the attempt to develop an adequate system of
bank and credit regulation (back to Part II). The Bank Charter Act of 184 4,
was preceded and followed by a series of fin...
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 ... were hanged) and in any
case many of the coins in circulation were old and had suffered badly from fair
wear and tear. The periodical recoinage to take account of this was five or ten...
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
185 8 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 1963:2 18)
Newton (1696) also made a point about the gold/silver ratio....
a history of money from ad 800 phần 4 potx
... the
formal introduction of the gold standard. Sir David Barbour ( 188 5), perhaps the
most readable and coherent of the supporters, was Financial Secretary to the
Government of India and was to have ... Cleveland was elected President in 189 2, and was inaugurated on the day
of a Wall Street crash. Brogan says of him: ‘There was not much room for
ideas in Cleveland’s massive head...
a history of money from ad 800 phần 5 docx
... 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 music and drama and (more relevant)
of ... given a guarantee
against loss in exchange for a percentage of the eventual profit.
3. The sale by the investor, for a fixed sum to be paid to him each year, of...
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 mega...
a history of money from ad 800 phần 7 docx
... 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 ease.
(Evans 184 8 :87 )
The Bank did in fact ... structure of UK
banking law and practice was, from a monetary point of view, now in place.
BANK CHARTER ACT 184 4: THE CRISIS OF 184 7 197
21
THE BANK CHARTER ACT OF...
a history of money from ad 800 phần 9 pps
... 189 1
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 180 8. Gold and silver had disappeared, ... secret at Jekyll Island and drafted a
Banking Bill, ‘the Aldrich plan’ (Congress was not told that Wall Street
bankers had had any part in drafting it). This would have created a Natio...
a history of money from ad 800 phần 10 ppt
... 1 38 1
Asquith, Herbert H., Earl of Oxford 264
assayed value of coinage 10, 11
Assignation Banks (Russia) 255
Assignats (France) 220 8;
failures of 225–9;
value of 2 28
Astor, John Jacob 160
Athens ... Club.
McCullough, J.R. ( 185 8) Encyclopaedia Britannica 8th edn.
McCusker, J.J. (19 78) Money and Exchange in Europe and America 1600–1775, A
Handbook, University of North Caro...
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