The Mechanism of Exchange (Classic Reprint): A Handbook of Currency, Banking Trade in Peace and in War: A Handbook of Currency, Banking Trade in Peace and in War (Classic Reprint) - Softcover

John A. Todd

Softcover

ISBN 10: 1330486994 ISBN 13: 9781330486993

Publisher: Forgotten Books, 2018

Synopsis

This book, written by an economics professor of the early 20th century, explores the role of money and how its increasing prominence led to the complexities of modern exchange. It begins with a brief history of exchange, showing how it evolved from barter to the use of money. The author then examines the various forms of money, from coins to paper money and credit, and discusses their advantages and disadvantages. The book also covers the quantity theory of money, the gold standard, and the role of banks in the monetary system. The author concludes by examining the effects of war on the monetary system during World War 1, and speculating on how the exchange mechanism may evolve in the future. Overall, this book provides a comprehensive overview of the history, theory, and practice of money and exchange.

About this title

Product Description

Excerpt from The Mechanism of Exchange: A Handbook of Currency, Banking Trade in Peace and in War

Once more have returned to anything like a static con dition, when adequate scientific treatment of the whole position will become possible. It will certainly not be for many years after the War.

About the Publisher

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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.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1330486994
• ISBN 13: 9781330486993
• Binding: Paperback
• Number of pages: 271