Financial Crises and Periods of Industrial and Commercial DepressionD. Appleton, 1902 - 392 sider |
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Financial Crises and Periods of Industrial and Commercial Depression Theodore Elijah Burton Uten tilgangsbegrensning - 1902 |
Financial Crises and Periods of Industrial and Commercial Depression Theodore E. Burton Begrenset visning - 2005 |
Vanlige uttrykk og setninger
activity afforded amount Austria-Hungary average Bank of England Bankers banks Banque de France Belgium Bonamy Price capital cent circulation commercial commodities considered consumption coun crease crises and depressions crisis of 1873 currency decrease demand deposits depres diminished disturbance E. L. Godkin effect employment enterprises existing export of gold exports and imports fact failures fall in prices figures fluctuations foreign valuation France furnish greater Home valuation improvements increase indications industry influence investments iron and steel issued Journal des économistes June 30 labour less loans and discounts London magazine manufactures MAURICE BLOCK ment movement nations occurred overaction panic paper money percentage period of depression preceding prior production profits proportion prosperity quantity railway rates of interest reached rise Royal Statistical Society scarcity season sion specie speculation stocks sudden supply tendency tion United Kingdom Walter Bagehot wealth
Populære avsnitt
Side 42 - The natural effect of this state of things was that a crowd of projectors, ingenious and absurd, honest and knavish, employed themselves in devising new schemes for the employment of redundant capital. It was about the year 1688 that the word stockjobber was first heard in London. In the short space of four years a crowd of companies, every one of...
Side 250 - States notes payable in coin and sufficiently large for the wants of the people can be permanently, usefully, and safely maintained. Is there, then, any other mode in which the necessary provision for the public wants can be made and the great advantages of a safe and uniform currency secured?
Side 72 - Parsimony, by increasing the fund which is destined for the maintenance of productive hands, tends to increase the number of those hands whose labour adds to the value of the subject upon which it is bestowed. It tends therefore to increase the exchangeable value of the annual produce of the land and labour of the country. It puts into motion an additional quantity of industry, which gives an additional value to the annual produce.
Side 44 - Wrecks to be fished for on the Irish Coast — Insurance of Horses and other Cattle (two millions) — Insurance of Losses by Servants — To make Salt Water Fresh — For building of Hospitals for Bastard Children — For building of Ships against Pirates — For making of Oil from Sun-flower Seeds — For improving of Malt Liquors — For...
Side 311 - Much has been written on panics and manias, - much more than with the most outstretched intellect we are able to follow or conceive ; but one thing is certain, that at particular times a great many stupid people have a great deal of stupid money...
Side 250 - I know of none which promises so certain results and is at the same time so unobjectionable as the organization of banking associations, under a general act of Congress, well guarded in its provisions. To such associations the Government might furnish circulating notes, on the security of United States bonds deposited in the Treasury. These notes, prepared under the supervision of proper officers, being uniform in appearance and security and convertible always into coin, would at once protect labor...
Side 52 - ... 3. An active demand for loans at slightly higher rates of interest. " 4. The general employment of labor at increasing or well-sustained wages. " 5. Increasing extravagance in private and public expenditure. " 6. The development of a mania for speculation, attended by dishonest methods in business and the gullibility of many investors.
Side 71 - While, on the one hand, industry is limited by capital, so on the other, every increase of capital gives, or is capable of giving, additional employment to industry ; and this without assignable limit.
Side 318 - The history of trade in the United States for the last three or four years affords the most convincing evidence that our present condition is chiefly to be attributed to over-action in all the departments of business ; an over-action deriving, perhaps, its first impulses from antecedent causes, but stimulated to its destructive consequences by excessive issues of bank paper and by other facilities, for the acquisition and enlargement of credit.
Side 250 - A return to specie payments, however, at the earliest period compatible with due regard to all interests concerned, should ever be kept in view. Fluctuations in the value of currency are always injurious, and to reduce these fluctuations to the lowest possible point will always be a leading purpose in wise legislation. Convertibility, prompt and certain convertibility into coin, is generally acknowledged to be, the best and surest safeguard against them ; and it is extremely doubtful whether a circulation...