Synopsis
Excerpt from The Use of Credit Instruments in Payments in the United States
In all industrial communities exchanges are made in three ways: by direct barter; by direct money payment; and by indirect barter, or exchanges wherein, instead of money, credit documents of some kind are given, which cancel one another partly or wholly, and so render the use Of money necessary only for the settlement of balances, if at all.
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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.
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About the Author
David Kinley holds the Chair in Human Rights Law at the University of Sydney. An internationally renowned expert in the field, he has advised governments and corporations on human rights issues and has worked with the UN, the World Bank, AusAID and various NGOs.
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The Use of Credit Instruments in Payments in the United States
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Paperback. Condition: New. Print on Demand. This book delves into the fascinating world of credit instruments and their influence on the American economy at the turn of the 20th century. It explores a question that has captivated economists and business leaders for generations: how do credit transactions affect the need for actual money in a society? The author meticulously examines the historical development of inquiries into this subject, comparing and contrasting the methodologies employed by British and American researchers. The book highlights the growing use of checks and other credit documents in various sectors of the American economy, exploring the role of banks, merchants, and even wage earners in shaping this trend. The author also grapples with the complexities of determining the true volume of credit transactions, acknowledging the difficulties of separating speculative activity from legitimate trade. By analyzing bank deposits and payrolls, the book seeks to establish a clearer understanding of the factors that drive the use of credit in everyday transactions. This book offers a valuable historical perspective on the interplay between credit, money, and the economy, revealing the importance of understanding these concepts for the ongoing development 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. Seller Inventory # 9781331627852_0
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The Use of Credit Instruments in Payments in the United States Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331627852
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The Use of Credit Instruments in Payments in the United States Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331627852
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