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 (1696) also made a point about the gold/silver ratio.
A HISTORY OF MONEY ... Bank of England at bullion value. The small
customary charge was waived. The official weight of a newly minted guinea was
129. 438 grains: coins were acceptable at face valu...
a history of money from ad 800 phần 2 docx
... another of the
periodical adjustments needed to take account of normal wear and tear on the
actual circulating coins and of changes in the relative prices of gold and silver.
Wear and tear has ... Clipping was rife (many accused of clipping were hanged) and in any
case many of the coins in circulation were old and had suffered badly from fair
wear and tear. The periodical recoin...
a history of money from ad 800 phần 5 docx
... money was used, but still as a convenient means
of money transmission, rather than a major component of money supply. The
period was also a great age of European music and drama and (more relevant)
of ... who, starting with the simple concept of a trade fair as a meeting
place, developed what was virtually a separate political and legal system. They
negotiated righ...
a history of money from ad 800 phần 7 docx
... technical reasons. Any advance made to a
country bank gave that bank the right to withdraw notes from the Bank of
England, and the Bank’s right to issue notes was limited by the Bank Charter
Act of ... ordered payment by way of precaution. And after
the notice we only required about £100,000 instead of £200,000. From
that day we had a market of comparative ease.
(Evans 1848:...
a history of money from ad 800 phần 1 pptx
... gradual, debasement was greater and was totally at the expense of workers
and peasants. ‘Honest’ petty coinage was unprofitable: the tradition of honest
money in countries such as England was, ... clear, from even
a cursory reading of the sources, that many of the problems and events we
shall discuss had their parallels in earlier centuries. I can offer only a
tantalising glan...
a history of money from ad 800 phần 4 potx
... 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 (2 53 68)
abandoned all restraint ... the
proceedings of the Paris Conference. Substantial evidence on the advantages
of an international currency was accepted by the Commission.
Smaller manufacturers and traders are...
a history of money from ad 800 phần 6 ppsx
... 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 happened. As William ... ‘notes of banks which are
payable and paid on demand in the said legal currency of the United States’
which was capable of broad or narrow interpretation). The situation thus
paralleled En...
a history of money from ad 800 phần 8 pptx
... total pre-
revolution money supply was 2 billion) and the value of the Assignats fell to
about a quarter of their face value in bullion. The Law of Maximum was
A HISTORY OF MONEY 2 23
Part 1 examines ... records available
show that, as a banker, he was capable of handling large transactions. He
appears to have operated successfully in accordance with the sound principle...
a history of money from ad 800 phần 9 pps
... 1891
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 1808. Gold and silver had disappeared, ... secret at Jekyll Island and drafted a
Banking Bill, ‘the Aldrich plan’ (Congress was not told that Wall Street
bankers had had any part in drafting it). This would have created a Nationa...
a history of money from ad 800 phần 10 ppt
... 295
Andreades, A. 132 , 133 , 231
Andronicus, Emperor 112
Angely, d’ (France) 222
Anglo-Saxon England 12, 15, 21, 23 8
Anne, Queen of England 139 , 2 13
annuity see rent-charge
arbitrage 14
Argentina ... 235
Bailey, Samuel 148
Bailly, A. 219
Balfour, A. J. 99
Baltic states 124–6, 268;
see also Scandinavia
Baltimore banks 1 63
Bamberger, Ludwig 89
Banco de la Nacion Argentina 258
Bank...
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