a history of money from ad 800 phần 9 pps
a history of money from ad 800 phần 9 pps
... 1 891
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, ... 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 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 197 5:82). This is hardly fair. Biddle was a conservative and
competent banker. Maybe he was a megal...
a history of money from ad 800 phần 1 pptx
... detailed history of money from Charlemagne’s reform
in approximately AD 800 to the end of the Silver Wars in 1 896 . It also offers a
summary of twentieth century events and an analysis of how the past ... 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 on...
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 197 1:146)
The great trade fai...
a history of money from ad 800 phần 3 docx
... Money which has already
lost at least 2/5 parts of its Intrinsick value by Clipping and Adulteration.
(Li 196 3:218)
Newton (1 696 ) also made a point about the gold/silver ratio.
A HISTORY OF MONEY ... 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...
a history of money from ad 800 phần 4 potx
... Cleveland was elected President in 1 892 , 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 but when one had ... the
proceedings of the Paris Conference. Substantial evidence on the advantages
of an international currency was accepted by the Commission.
Smaller manufacturers and traders are dete...
a history of money from ad 800 phần 5 docx
... South Sea Bubble was an exercise in corporate finance. That aspect is
analysed in detail in Neal ( 199 0) ‘The Rise of Financial Capitalism’ and
Dickson ( 196 7). There is also a wealth of information ... greater the
130 A HISTORY OF MONEY
Development of stock markets
Stock markets were already established (Morgan and Thomas 196 2) as is
confirmed by the following extract fro...
a history of money from ad 800 phần 7 docx
... technical reasons. Any advance made to a
country bank gave that bank the right to withdraw notes from the Bank of
England, and the Bank’s right to issue notes was limited by the Bank Charter
Act of ... 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 1848:...
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 10 ppt
... d’ 89
bad money driving out good see Gresham
Bagehot, Walter 90 , 152, 196 , 235
Bailey, Samuel 148
Bailly, A. 2 19
Balfour, A. J. 99
Baltic states 124–6, 268;
see also Scandinavia
Baltimore banks ... 138–1
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 228
Astor, Jo...
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