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A New Banking System: The Needful Capital for Rebuilding the Burnt District (Classic Reprint) - Tapa blanda
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Excerpt from A New Banking System: The Needful Capital for Rebuilding the Burnt District
It would scarcely be extravagant to say that it is capable of furnishing ample capital for every deserving enterprise, and every deserving man and woman, within the State; and also for all such other enterprises in other parts of the United States, and in foreign com merce, as Massachusetts men might desire to engage in.
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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.
Reseña del editor
Excerpt from A New Banking System: The Needful Capital for Rebuilding the Burnt District
Under the banking system - an outline of which is hereafter given - the real estate of Boston alone - taken at only three-fourths its value, as estimated by the State valuation - is capable of furnishing three hundred millions of dollars of loanable capital.
Under the same system, the real estate of Massachusetts - taken at only three-fourths its estimated value - is capable of furnishing seven hundred and fifty millions of loanable capital.
The real estate of the Commonwealth, therefore, is capable of furnishing an amount of loanable capital more than twelve times as great as that of all the "National" Banks in the Stated; more than twice as great as that of all the "National" banks of the whole United States ($353,917,470); and equal to the entire amount ($750,000,000, or thereabouts) both of greenback and "National" bank currency of the United States.
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.
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- EditorialForgotten Books
- Año de publicación2018
- ISBN 10 1330564685
- ISBN 13 9781330564684
- EncuadernaciónTapa blanda
- Número de páginas84
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A New Banking System: The Needful Capital for Rebuilding the Burnt District
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Paperback. Condición: New. Print on Demand. This book presents a revolutionary vision for a new banking system anchored in the immense potential of real estate. The author argues that the existing system, with its focus on specie-backed currency, severely restricts the availability of credit and hinders economic growth. Set against the backdrop of post-Civil War America, a time of financial instability and reconstruction, the author proposes a system where real estate serves as the foundation for a robust and secure currency. This system, it is argued, would unlock vast amounts of loanable capital, empowering individuals and businesses, and fostering unprecedented economic prosperity. The author delves deep into complex economic concepts, exploring the nature of currency, the role of specie, and the impact of monetary policy on prices and production. He challenges conventional wisdom, demonstrating that an abundant paper currency, when properly backed by real assets, can co-exist with stable prices and a thriving economy. This book's insights into the potential of real estate as a basis for a more equitable and prosperous financial system remain relevant and thought-provoking. Forgotten Books publishes hundreds of thousands of rare and classic books. 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. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Nº de ref. del artículo: 9781330564684_0
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A New Banking System The Needful Capital for Rebuilding the Burnt District Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330564684
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A New Banking System The Needful Capital for Rebuilding the Burnt District Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330564684
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A New Banking System : The Needful Capital for Rebuilding the Burnt District (Classic Reprint)
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Forgotten Books, 2015
ISBN 10: 1330564685
ISBN 13: 9781330564684
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Condición: Hervorragend. Zustand: Hervorragend | Seiten: 84 | Sprache: Englisch | Produktart: Bücher. Nº de ref. del artículo: 25842461/1
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