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Author: Alexander Del Mar
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 452
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Author: Alexander Del Mar
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 452
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Book Description
Author: Alexander Del Mar
Publisher: Forgotten Books
ISBN: 9781528068840
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
Excerpt from History of Monetary Systems: Record of Actual Experiments in Money Made by Various States of the Ancient and Modern World, as Drawn From Their Statutes, Customs, Treaties, Mining Regulations, Jurisprudence, History, Archaeology, Coins, Nummulary Systems, and Other Sources of Informati The origin and progress of Private Coinage has also been an object Of attention. Private coinage, or, as it is now euphemized, free coinage, namely, the license granted to private individuals to coin the precious metals without limit, or to compel the State to make coins for them and to confer upon such coins the legal functions Of money, coupled with license to export and melt down the coins, was unknown to the ancient world. In the great states of antiquity money was apillar of the constitution. In the republics Of Greece and Rome it was a social instrument, designed, limited, stamped, issued, and made current by the State, - in short, in vented, owned, and regulated by the State. It is now generally admitted that the so-called gentes coins of Rome were not of private fabrication, but issued by the State, and stamped with the gens mark of the State moneyers. There appears to have been no private coin age in Europe before the issuance of Mahomet's Koran and its scornful repudiation of the Roman religion and political system. The baronial and ecclesiastical mints of the middle ages, when not authorized by the German Em pire, or by the princes Of the Western States, were baronial or ecclesiastical only in name; they were really robbers' dens, and were so termed in the oflicial proclamations Of the time. Their trade Of private coin age was both surreptitious and unlawful, and was often expiated with the lives of the proprietors; The Plantag enet kings broke up some thousands of them. After the fall of the Roman Empire in 1204 the prerog ative of the coinage was exercised for a brief period by the emperors of Germany, but soon afterward fell to the various independent states that rose upon the ruins of the Old Empire. In a process commenced by the procureur-general under Philip IV., against the Comte de Nevers, for melting down the coins of the realm, it was held that this was a royal prerogative which be longed to the king alone, and which in case of neces sity he might employ, not indeed for his private advantage, but in defense of the State. The prerogative was, however, much more fully and completely laid down by Sir Matthew Hale in the celebrated case Of the Mixed Moneys. Its unwilling surrender by the Crown took place under the Stuarts. Events have dem onstrated that the Act is wholly inconsistent With the safety of the State, and that it demands revision. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Alexander del Mar
Publisher:
ISBN: 9780243631933
Category :
Languages : en
Pages :
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Author: Alexander Del Mar
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 520
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Author:
Publisher:
ISBN:
Category : Free thought
Languages : en
Pages : 870
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Author: John Crerar Library
Publisher:
ISBN:
Category :
Languages : en
Pages : 526
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Author:
Publisher: Ludwig von Mises Institute
ISBN: 1610164555
Category : Business & Economics
Languages : en
Pages : 147
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Book Description
The Housing Bubble was hardly the first in human history. What's eluded historians is the same issue that eludes commentators today: the underlying cause of bubbles. This book is the first (and only) book to solve the mystery of the most famous bubble in world history: Tulipmania in 17th century Netherlands. It Is a legendary event but explanations have been lacking. People blame irrational exuberance, free markets, and an unleashed aristocracy. Douglas French takes a different route: he follows the money to prove that the bubble resulted from a government intervention that dramatically exploded the money supply and fueled the tulip-price bubble – not altogether different from modern bubbles. This book was French’s Master’s thesis written under the direction of Murray Rothbard and examining three of the most famous speculative bubble episodes in history through the lens of Austrian Business Cycle Theory. Although each of these episodes is well documented, this book examines the monetary interventions that engendered each of these events showing that not only the Mississippi Bubble and the South Sea Bubble were caused by government meddling, but Tulipmania was as well. Tulipmania was unique in that it was the sound money policy of the Dutch combined with free coinage laws that led to an acute increase in the supply of money and fostered an atmosphere that was ripe for speculation and malinvestment, manifesting itself in the intense trading of tulip bulbs. The author examines not only the Mississippi Bubble but also the life and monetary theories of its architect, John Law. Professor Joe Salerno calls Law the world’s first macroeconomist who implemented a Keynesian monetary system in France nearly two hundred years before Keynes was born. At the same time across the English Channel, a nearly bankrupt British government looked on with envy at Law’s system, believing that he was working a financial miracle. It was anything but this and investors in both countries were devastated. Although these episodes occurred centuries ago, readers will find the events eerily similar to today’s bubbles and busts: low interest rates, easy credit terms, widespread public participation, bankrupt governments, price inflation, frantic attempts by government to keep the booms going, and government bailouts of companies after the crash. When will we learn? We first have to get cause and effect in history straight. This book is an excellent contribution to that effort.
Author: R.R. Bowker Company. Department of Bibliography
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 936
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Author: Library of Congress
Publisher:
ISBN:
Category : Catalogs, Union
Languages : en
Pages : 712
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Author: R.R. Bowker Company
Publisher: New York : R.R. Bowker Company
ISBN:
Category : Law
Languages : en
Pages : 1462
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