9781334472855 - A Brief Inquiry Into the True Award of an "Equitable Adjustment" Between the Nation and Its Creditors: With Tables (Classic Reprint) de Wortley, John Stuart (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book delves into the financial consequences of England's suspension of the gold standard in 1797, and its subsequent resumption in 1819. The author examines the impact on government creditors and debtors, demonstrating that the nation's loss due to restored value was preceded by significant gains during the period of currency devaluation. The book challenges the prevailing narrative of one-sided loss by highlighting the financial benefits the government derived from the suspension. By comparing the effects of currency fluctuations on fixed payments made during and after the depreciation, the author presents a nuanced understanding of the complex relationship between the standard of value and the distribution of wealth. Ultimately, this book provides valuable insights into the historical context of monetary policy and its implications for government finance, making it a valuable resource for economists, historians, and anyone interested in the evolution of financial systems. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.