History Of Money Research Articles

A History of Money and Banking in Argentina.

A History of Money and Banking in Argentina.

A History of Money and Banking in Argentina

A History of Money and Banking in Argentina

Chapters on the History of Money: Chapter II

(1964). Chapters on the History of Money: Chapter I. Financial Analysts Journal: Vol. 20, No. 2, pp. 95-99.

Chapters on the History of Money: Chapter I

(1964). Chapters on the History of Money: Chapter I. Financial Analysts Journal: Vol. 20, No. 2, pp. 95-99.

THE CHARACTERISTICS OF THE HISTORY OF CHINESE MONEY

Men are bound by their body, and the body consists of material substances. From this, it is evident that men may not go without a material life. And, on the basis of such material life develop economic phenomena. On the other hand, it is self-evident that material substances are governed by natural laws. The natural laws, in their turn, are endowed with a universal applicability. The economic phenomena, therefore, are invariably universal and general in their nature, having something in common everywhere. This is especially true with the phenomena attendant upon money. As the natural economy advances into classified production, circulation, in whatever form, follows. Circulation, in the first place, presents itself in the form of exchange, which develops at first in the form of barter. It is noted, however, that barter is not without defects, and here comes in money. First, such money takes the form of commodity currency, which, by degrees, evolves itself in metals. The process here begins with the currency by weight and ends with coined money. It is in this stage that money, in its accepted senese, comes in. Further, such coined money urges the appearance of paper money. First, paper money appears in the form of convertible notes, which, subsequently, is followed by incovertible notes, and, further, even by deposit money. It may be said that all these are same everywhere. Seldom does a difference appear according to different countries and different races. True, in China, too, the history of money has followed such a process. Back in the immemorial ancient days, everything was so vague that nothing definite could be stated. However, the following ancient Chinese poem may be taken as an evidence of self-production economy being pursued by people of such remotely ancient times : At sunrise I begin my work, At sunset I take my repose, I dig a well to get my drink, I plow my field to crop my rice ••• why, then, should I e'er care

A History of Money and Banking in Argentina

A History of Money and Banking in Argentina

The Consequences of the Currency Reform in Western Germany

Followingmilitary collapse both in 1918 and in 1945 Germany presented two economic phenomena indicative of the destruction of economic life. In the twenties an open inflation occurred. For a relatively short time German money lost its value and purchasing power. This period of a completely open inflation was limited by a currency reform of a particular kind. Instead of cancelling the money in circulation the volume of money was increased by introducing a new stable money, the so-calledRentenmark. At the same time, the old money in circulation had been devaluated at the rate of one billionth of its face value. This controlled monetary experiment as well as the preceding huge inflation have found a place in the history of money. On account of the undoubted success of the devaluation experiment in 1923, the opinion seems to prevail that a devaluation is the best, if not the only way to reform the currency.

Alexander Del Mar, Critic of Metallism

ed from the ore, combine to reject the hypothesis of rapid change in the value of silver.-On the Probable Fall in the Value of Gold, London, I853, p. Iz8. 37 Del Mar wrote much about the ratio. He denied that the relative costs of production of gold and silver fixed the ratio, hut rather that it was the result of the accumulated stocks of both metals and the laws of important states. The ratio, he said, was fixed by the emperors of Rome at I2 to i, and remained at that figure throughout the Middle Ages. The argument has much truth, for just as it is true that the values of economic goods determine their costs of production rather than vice versa, so it must be true that the legal ratio of gold to silver determines to what point miners find it profitable to operate. 38 A History of Money in Ancient Countries, p. 9. 39 Ibid. 3z8 This content downloaded from 207.46.13.184 on Wed, 19 Oct 2016 04:33:36 UTC All use subject to http://about.jstor.org/terms ALEXANDER DEL MAR, CRITIC OF METALLISM to provide stable money, and no deductive argument can be drawn from it. To one phase of his argument in particular we must tip our hats, for it is refreshing to realize that at least one writer of the nineteenth century had the courage to challenge the significance of the remark of Thomas Gresham, which, exalted by the appellation law, exercised totally undeserved tyranny over the whole of nineteenth century monetary literature. Gresham's law he characterized as a feeble generalization-which applies no more to money than it does to cabbages, and sheds no light whatever on monetary questions.40 Indeed, he took exceptional pleasure in casting aspersions upon both the character and the reputation of Gresham, whom he accused of being coward, plagiarist, and traitor to the real interests of his country.41 Before we leave the subject of silver, it would be well to state that Del Mar's interest in the subject of silver was purely pragmatic. The rationality of his position cannot be better stated than in these words: would not have it inferred. . that I prefer silver to gold for general measure of Value. . . . No metal, as such, can measure value with precision or equity. This is what Money alone can effect; and if there were no question of policy in the matter, I should advocate monetary system independent of metals.42

Wooden Money

Extract In the forest region of the State of Washington lying south of the Capital, Olympia, there is a little town, Tenino, that has been receiving in the last three years an amount of newspaper publicity far out of proportion to its size. And well might this be so, for Tenino has added a new page in the history of currency by issuing wooden money, some of which has found its way into the archives of the Society.

Merchants' Notes of 1733

An interesting chapter in the currency history of this country is called to mind by one original document and several photostatic copies of original documents concerning the Merchants' Note scheme of 1733, found in the archives of the Society.

Chance in the History of Money and Banking

Research Article| April 01 1932 Chance in the History of Money and Banking Clyde Olin Fisher Clyde Olin Fisher Search for other works by this author on: This Site Google South Atlantic Quarterly (1932) 31 (2): 194–205. https://doi.org/10.1215/00382876-31-2-194 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Clyde Olin Fisher; Chance in the History of Money and Banking. South Atlantic Quarterly 1 April 1932; 31 (2): 194–205. doi: https://doi.org/10.1215/00382876-31-2-194 Download citation file: Zotero Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search Books & JournalsAll JournalsSouth Atlantic Quarterly Search Advanced Search The text of this article is only available as a PDF. Copyright © 1932 by Duke University Press1932 Article PDF first page preview Close Modal You do not currently have access to this content.

A History of Currency in the United States.

A History of Currency in the United States.

<italic>A History of Currency in the United States: with a Brief Description of the Currency Systems of all Commercial Nations</italic>. By A. <sc>Barton Hepburn</sc>, LL.D. (New York: The Macmillan Company. 1915. Pp. xv, 552.)

<italic>A History of Currency in the United States: with a Brief Description of the Currency Systems of all Commercial Nations</italic>. By A. <sc>Barton Hepburn</sc>, LL.D. (New York: The Macmillan Company. 1915. Pp. xv, 552.)

A History of Currency in the United States: With a Brief Description of the Currency Systems of all Commercial Nations

A History of Currency in the United States: With a Brief Description of the Currency Systems of all Commercial Nations

A History of Currency in the United States. A. Barton Hepburn

<i>A History of Currency in the United States</i>. A. Barton Hepburn

A History of Currency in the United States.

A History of Currency in the United States.

History of Money in the British Empire and the United States. Agnes F. Dodd

<i>History of Money in the British Empire and the United States</i>. Agnes F. Dodd

Dodd, Agnes F. History of Money in the British Empire and the United States. Pp. xiv, 356. Price, $1.60. New York: Longmans, Green &amp; Co., 1911

Dodd, Agnes F. History of Money in the British Empire and the United States. Pp. xiv, 356. Price, $1.60. New York: Longmans, Green &amp; Co., 1911

A History of Money and Prices.

A History of Money and Prices.

Shaw's History of Currency

Shaw's History of Currency