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Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 324
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Book Description
Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 324
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Book Description
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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Book Description
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: Irving Fisher
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 558
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Book Description
Author: William Hope Harvey
Publisher:
ISBN:
Category : Silver question
Languages : en
Pages : 200
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Book Description
Author: Angela Redish
Publisher: Cambridge University Press
ISBN: 9780521570916
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
A history of Western monetary systems and their preference to the bimetallism before 1800, first published in 2000.
Author: William Amasa Scott
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 426
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Book Description
Author: Edward Cornelius Towne
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 276
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Book Description
Author: Frederic Chapin Lane
Publisher: JHU Press
ISBN: 1421436094
Category : History
Languages : en
Pages : 500
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Book Description
Originally published in 1985. Frederic C. Lane and Reinhold C. Mueller, in the first volume of Money and Banking in Medieval and Renaissance Venice, discuss Venice's economic achievement in terms of the complex system the city's inhabitants developed to manage moneys of account and coins. Money merchants of Venice developed a system whereby a premium attached to moneys of account acted as a stabilizing force and allowed merchants to engage in long-term trade. This system, according to the authors, helped establish Venice as a dominant city-state in international trade and exchange. This book outlines the development and success of this system through 1508. At the time it was first published, this book made a significant contribution to the history of money and economics by underscoring the large role that Venice played in the economic history of the West and the ascendance of capitalism as a structuring force of society.
Author: James Laurence Laughlin
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 426
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Book Description
