Knicker Bocker (3 results)

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

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

Paperback. Condition: New. Print on Demand. This book provides a detailed analysis of America's financial crisis of 1873, and the efforts made to restore specie payment. Following the Civil War, the US experienced a period of rapid economic growth, leading to an increase in the circulating medium. However, the sudden contraction of values during the panic of 1873 exposed the fragility of the financial system and the need for a return to specie payment. The author examines the various proposals put forward to address this issue, including gradual resumption, which involved substituting coin for paper currency. The book delves into the challenges and complexities of implementing such a plan while avoiding further economic contraction. It also explores the broader historical context of the debate, highlighting the significance of the gold standard in international trade and the evolving role of central banking. Ultimately, the book sheds light on the importance of sound financial policies and the challenges of maintaining a stable monetary system in the face of economic shocks. 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.