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Detalles bibliogr�ficos

T�tulo: Our Financial Difficulty and the Remedy (Classic Reprint): Address by Hon. Charles N. Fowler, of New Jersey, Before the Committee on Banking and Currency, on H. R. Bill 6442
Editor: Forgotten Books
Fecha de publicaci�n: 2018
Idioma: Ingl�s
ISBN 10: 0365070017
ISBN 13: 9780365070016
Encuadernaci�n: Encuadernaci�n de tapa blanda
Estado: Like New

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Sinopsis

Explore a bold early plan to fix a chaotic economy. This nonfiction work argues for sweeping currency and banking reforms, presenting a full bill (H. R. 6442) and a new Department of Finance to reshape how money moves in the United States. The author surveys the origins of financial trouble, the risks of gold and silver standards, and practical steps to stabilize credit and prices.

The text frames the national debt, greenbacks, and demand obligations as part of a larger system failure. It then lays out two core remedies: refund the debt with long‑term gold bonds and end the government’s role in daily banking, replacing it with a reserve‑based, private banking system backed by coin. It also describes how a government‑backed, elastic currency could operate in major cities and across the country.

You’ll find:

Clear explanations of money, debt, and the gold standard in a late‑19th‑century context.

A detailed proposal for renaming and reorganizing the banking system, including new notes and reserves.

Illustrative scenarios showing how an elastic currency could ease regional differences and panics.

Discussion of the political debates and practical concerns surrounding reform efforts.

Ideal for readers of economic history and policy who want to understand alternative ideas from the era and how they envisioned stabilizing the nation’s finances.

Rese�a del editor

Excerpt from Our Financial Difficulty and the Remedy: Address by Hon. Charles N. Fowler, of New Jersey, Before the Committee on Banking and Currency, on H. R. Bill 6442

N ow that there has been a slight increase in our bonded indebtedness, some talk as though it were to continue throughout eternity. In the light of a surplus revenue of $1, 333 000 from 1879 to 1889, such a suggestion is idle talk, for everybody knows that if the Government were disposed to do so it could wipe out this entire debt in five yeais, and that to distribute the liquidation over a period of ten years would render the burden so light as not to be noticed. Nothing is more cer tain than the absolute necessity of some system to succeed the present one in the course of time, and nothing is more important than that there should be an evolution in passing from one to the other and not a revolution, with all its shocks, misfortunes, disasters, and ruin.

As a preface to what I am going to say, I will venture the assertion that you can not mention the matter of credit money in any chance meeting of a dozen business men that some of them - indeed, in most instances a majority Of them - will not shrug their shoulders and think of what they may remember, if age will permit, or what their fathers have told them about red dog, yellow dog, or some other dog money, as though they had heard or read all about all kinds of money, when, as a matter of fact, all they know about it is that there really was red dog money, and that the dog died. Neither the cause nor the circumstances surrounding his death seem ever to have entered their minds.

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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Descripci�n de la librer�a

Bulrushed Books is a grassroots textbook repair and resale company in the beautiful Palouse region of the Pacific Northwest. We work exclusively with US-based book companies and ship to customers nation-wide. Our story stretches far beyond where we are now, but the core of this journey has always remained the same: we love used books.

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Bulrushed Books is a used book company that rebuilds our books to give them a longer life. Here is what you can expect from our company:

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Primer art�culo	EUR 7.87	EUR 16.63

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