The History of Bimetallism in the United States PDF Download

Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 324

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Author: Angela Redish
Publisher: Cambridge University Press
ISBN: 9780521570916
Category : Business & Economics
Languages : en
Pages : 300

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A history of Western monetary systems and their preference to the bimetallism before 1800, first published in 2000.

Author: Ted Wilson
Publisher: Routledge
ISBN: 135172567X
Category : History
Languages : en
Pages : 185

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Book Description
This title was first published in 2000. This is a history of the monetary developments in the international economy of the 19th century. It reviews the monetary developments in the core economies of the period: Britain, the United States, France, Germany, and also India. Particular attention is given to the expansion of the gold standard in the context of the intense national and international debates about the role of precious metals and the author also examines the conflict between supporters of gold, silver and bimetallism, both in terms of competing financial and economic theories and in terms of the varying social and cultural backgrounds that informed them. The main thrust of the work is that the sheer plurality of ideas and contexts helped to ensure the eventual victory of the gold standard, despite the inherent superiority of bimetallic systems.

Author: Mr.Johannes Wiegand
Publisher: International Monetary Fund
ISBN: 1498301223
Category : Business & Economics
Languages : en
Pages : 28

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In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.

Author: William Hope Harvey
Publisher:
ISBN:
Category : Silver question
Languages : en
Pages : 200

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Author: Irving Fisher
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 558

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Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 0521030420
Category : Business & Economics
Languages : en
Pages : 413

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This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and or other changes in the economic environment. Covering the experience of ten countries over the period 1700SH1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.

Author:
Publisher: BRILL
ISBN: 9004383093
Category : History
Languages : en
Pages : 374

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Reading Medieval Sources is an exciting new series which leads scholars and students into some of the most challenging and rewarding sources from the European Middle Ages, and introduces the most important approaches to understanding them. Written by an international team of twelve leading scholars, this volume Money and Coinage in the Middle Ages presents a set of fresh and insightful perspectives that demonstrate the rich potential of this source material to all scholars of medieval history and culture. It includes coverage of major developments in monetary history, set into their economic and political context, as well as innovative and interdisciplinary perspectives that address money and coinage in relation to archaeology, anthropology and medieval literature. Contributors are Nanouschka Myrberg Burström, Elizabeth Edwards, Gaspar Feliu, Anna Gannon, Richard Kelleher, Bill Maurer, Nick Mayhew, Rory Naismith, Philipp Robinson Rössner, Alessia Rovelli, Lucia Travaini, and Andrew Woods.

Author: Barthold A. Butenschøn
Publisher: Routledge
ISBN: 1351266071
Category : Business & Economics
Languages : en
Pages : 194

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Originally published in 1936, this book discusses the post-War reconstruction of the monetary system. It examines the American use of silver and changes to China's currency system and asks whether a combination of gold and silver would not be a better solution than a pure Gold Standard. The book discusses to what extent it is possible to unite the advantages of an orthodox metallic standard with the greater elasticity which was required. Using geometry, the author gives a more complete picture of the relationships involved in Symmetallism and a theoretical account of the symmetallic Bullion Standard.

Author: Milton Friedman
Publisher: HMH
ISBN: 0547542224
Category : Business & Economics
Languages : en
Pages : 303

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The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.