Excerpt from The Panic of 1866 With Its Lessons on the Currency Act
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Excerpt from The Panic of 1866 With Its Lessons on the Currency Act Panics, however painful, have their value. Whilst they arouse by their alarms, they excite reflection, and compel those who would otherwise float thoughtlessly down the stream of incessant occupation, to pause and inquire what part of the machinery of our Financial system has given way, and whether some serious modification is not necessary. 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.
Robert Baxter, MD, is a retired Professor of Psychiatry at the University of Louisville where he was Director of the Division of Child and Adolescent Psychiatry. He is a Fellow of the American Psychiatric Association and the A. K. Rice Institute for the Study of Social Systems. He formerly served on AKRI's Board of Directors and was its President for eight years.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book delves into the financial crisis of 1866, a pivotal moment in British economic history. The author meticulously analyzes the panic that gripped London, examining the impact on banks, the government, and ordinary citizens. The book delves into the causes of the panic and its consequences, tracing the events that led to the suspension of the Bank Charter Act, a law designed to regulate currency and prevent such crises. The author also explores the broader context of the crisis, contrasting the instability of the British financial system with the composure of its French counterpart. This comparison highlights the vulnerability of the British system to sudden economic shocks, and underscores the need for a more resilient and stable financial framework. The book goes beyond merely describing the events of 1866, engaging with the underlying issues of currency management and the changing role of banks in the economy. The author explores the intricate relationship between currency supply, interest rates, and the expansion of commercial capital. This in-depth exploration of the 1866 crisis offers valuable insights into the challenges of managing a rapidly evolving financial landscape, and ultimately raises important questions about the need for a more flexible and responsive monetary system. 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 # 9781332329052_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332329052
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332329052
Quantity: 15 available