PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book offers a historical analysis of the economic and legislative factors that led to the monetary reform in Russia in 1897, which saw the country transition from a paper money system to a gold standard. The author traces the evolution of the Russian monetary and fiduciary circulation system over a century and a half, from the introduction of banknotes under Catherine the Great, to the collapse of the assignats during the Napoleonic Wars, to the establishment of a silver standard under Nicholas I and, finally, to the introduction of the gold standard in the late 19th century. The book sheds light on the struggle between proponents of paper money and those who advocated for a metallic currency, highlighting the consequences of a monetary system based on paper alone - inflation, speculation, and economic instability. Rich in archival research, this book provides insights into the monetary history of one of the world's major economies and demonstrates the transformative role of a sound monetary system in fostering economic growth and prosperity. 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.