Shall We Change Our Money Standard? (Classic Reprint)
Language: English
Published by Forgotten Books, 2024
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.46
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Print on Demand. This book explores the potential consequences of restoring silver coinage to its former status as a standard monetary metal in the United States. The author argues that the shift away from silver to a gold standard in 1873 has led to a persistent decline in prices, hurting American farmers, manufacturers, and laborers. The author presents a detailed analysis of the economic and social effects of the gold standard, arguing that it has led to a concentration of wealth in the hands of those who own money and securities while harming those who produce goods and services. They challenge the arguments of those who favor maintaining the gold standard, asserting that a return to silver coinage would stimulate economic growth and benefit the majority of Americans. The book places the debate over silver coinage within the broader context of American monetary history and the history of bimetallism, the use of both gold and silver as currency. The author examines the economic theories and political battles that led to the adoption of the gold standard and argues that it is time to reconsider this decision in light of the economic challenges facing the country. Ultimately, this book offers a compelling case for re-examining the role of silver in the American monetary system, arguing that it could play a vital role in addressing economic inequality and promoting economic growth. 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.…
Seller Inventory # 9781527907010_0
- Title
- Shall We Change Our Money Standard? (Classic Reprint)
- Author
- Jesse Francis Orton
- Publisher
- Forgotten Books
- Publication year
- 2024
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1527907015
- ISBN 13
- 9781527907010
- Seller catalogs
- Economics
But the chief question which the people will consciously decide in this election, is whether we shall restore the free coinage of silver as it existed by law prior to 1873. There are certain specious arguments which have really little bearing on the question but are so often used that I must notice them briefly. The intelligence of our people is insulted with the statement that the adoption of a silver currency would place the United States upon a level industrially with Mexico or China. If the chief difference between anglo-saxon civiliza tion and Mongolian or spanish-indian civilization, lies in the material of the coins used, then the sooner we get rid of such a false and hollow civilization, the better. But if our civiliza tion has other substantial elements of superiority, we may dismiss this so-called argument with the contempt which it richly deserves. It is also said that silver must be discarded as a money metal because it is less valuable per unit of weight than gold and so is less convenient to carry in the pocket-book. This is sufficiently answered by saying that paper certificates are more convenient than large amounts of either metal and may be safely and profitably allowed to represent in circula tion the metals, which may thus be left in the government vaults. If the metal which is worth most per ounce were to be selected, then gold as well as silver would have to be dis carded. In selecting a standard metal, stability of value is to be sought, not great value per ounce. As between gold and sil ver, this argument has practically no weight whatever.
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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Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
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.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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