a history of money from ad 800 phần 1 pptx

a history of money from ad 800 phần 1 pptx

a history of money from ad 800 phần 1 pptx

... UNITED STATES 15 8 19 AFTER THE BANK WARS: THE UK/US CRISES OF 18 36 TO 18 39 17 3 20 PRIVATE BANKING IN THE EARLY UNITED STATES 18 1 21 THE BANK CHARTER ACT OF 18 44 AND THE CRISIS OF 18 47 19 1 Part ... the American political attitude to banking, and explain what can seem to Europeans the parochialism and backwardness of American retail banking. 4 A HISTORY OF M...
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a history of money from ad 800 phần 8 pptx

a history of money from ad 800 phần 8 pptx

... commercial practice and detail what explanations they had to offer of so unusual a state of things. 236 THE SUSPENSION OF PAYMENTS: 17 97 TO 18 21 26 THE SUSPENSION OF PAYMENTS, 17 97 TO 18 21 In the ... distinguishing between an advance of capital to merchants as an additional supply of currency to the general mass of circulating medium’ (page 50). The concept …that whi...
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a history of money from ad 800 phần 2 docx

a history of money from ad 800 phần 2 docx

... and credit became vital over a large part of the West’ (Bautier 19 71: 147). Europe was now ready for a more substantial and stable coinage to serve the needs of expanding trade. This was to take ... settled by barter. There were a few travelling merchants, and a small part of the population lived in towns, but the real growth revival of international trade had hardly begun....
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a history of money from ad 800 phần 3 docx

a history of money from ad 800 phần 3 docx

... Money which has already lost at least 2/5 parts of its Intrinsick value by Clipping and Adulteration. (Li 19 63: 218 ) Newton (16 96) also made a point about the gold/silver ratio. A HISTORY OF MONEY ... monetary union and related issues in the 19 90s (e.g. Panic 19 92) and it is arguable that the system was appropriate for a particular period of history rather than bei...
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a history of money from ad 800 phần 4 potx

a history of money from ad 800 phần 4 potx

... Cleveland was elected President in 18 92, and was inaugurated on the day of a Wall Street crash. Brogan says of him: ‘There was not much room for ideas in Cleveland’s massive head but when one had ... when in 214 Caracalla replaced it as the standard coin by a double denarius intrinsically worth about one and a half of the current pieces. He says that the Emperor Gallienius (253–...
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a history of money from ad 800 phần 5 docx

a history of money from ad 800 phần 5 docx

... greater the 13 0 A HISTORY OF MONEY Development of stock markets Stock markets were already established (Morgan and Thomas 19 62) as is confirmed by the following extract from a 16 95 Act of Parliament ... free trade with a ‘system of export licences, associated with personal safe-conducts for the merchants, and levies of “reasonable” taxes’ (Bautier 19 71: 120). The...
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a history of money from ad 800 phần 6 ppsx

a history of money from ad 800 phần 6 ppsx

... of North America was formed on the initiative of Robert Morris, and a Federal charter was granted (by a narrow majority) in May 17 81. It had a capital of $400,000, was limited to assets of $10 ... of barter. Although the Bank of England blamed the country banks for the crisis, and vice versa, there was no Parliamentary enquiry as it was fairly clear already what had happen...
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a history of money from ad 800 phần 7 docx

a history of money from ad 800 phần 7 docx

... structure of UK banking law and practice was, from a monetary point of view, now in place. BANK CHARTER ACT 18 44: THE CRISIS OF 18 47 19 7 21 THE BANK CHARTER ACT OF 18 44 AND THE CRISIS OF 18 47 THE BANK ... £200,000. From that day we had a market of comparative ease. (Evans 18 48:87) The Bank did in fact make substantial advances at 8 or 9 per cent but there wa...
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a history of money from ad 800 phần 9 pps

a history of money from ad 800 phần 9 pps

... in 18 91 and replaced by the Banco de la Nacion Argentina. Brazil The situation was broadly similar to that in Argentina. Notes of the Bank of Brazil date from 18 08. Gold and silver had disappeared, ... standard (Zuckerkandl in National Monetary Commission 19 11 vol. 18 ). Latin America The Napoleonic Wars precipitated the perhaps already inevitable collapse of Spanish control...
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a history of money from ad 800 phần 10 ppt

a history of money from ad 800 phần 10 ppt

... (France) 206 10 billon 20, 11 1, 11 2 Bills of Credit (US) 213 , 215 , 217 bills of exchange 16 7; development of 12 1, 12 5, 12 6, 12 8 bimetallism: ancient world 11 1; and concepts of money 6, 13 15 , 16 ; commercial ... 207 Asgill, John 200, 2 01 Ashley, Sir W. 11 8, 11 9 Asiento trading agreement 13 8 1 Asquith, Herbert H., Earl of Oxford 264 assayed value of...
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