Description
Excerpt from A History of the Greenbacks: With Special Reference to the Economic Consciences of Their Issue: 1862-65
Apologies must be made both for the bulkiness and for the fragmentary character of the following monograph. These defects are due to the same cause: an attempt to utilize all the well-authenticated statistical material bearing upon the subjects treated. The amount of labor entailed by this attempt was so large that I have been unable to carry the discussion beyond the first four years in the history of the greenbacks. Even within this brief period two impor tant topics are passed over. Nothing is said of the effects of the greenbacks upon foreign trade, and no comparisons are made between American and foreign experiences with paper money. The former topic is omitted from lack of time to get the refractory statistical data relating to it into significant shape; indeed, my dealings with the figures incline me to doubt whether any other than a speculative treatment is feasible. As for the latter topic, I soon discovered that foreign comparisons presented too large a subject to be dealt with as a side issue in such a monograph as the present. Moreover, the consequences of the abandonment of the specie standard in which I have been most interested are such as can be traced only when one has much fuller information regarding prices, wages, and the like than are available to the student of foreign experiments with inconvertible paper currencies.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Apologies must be made both for the bulkiness and for the fragmentary character of the following monograph. These defects are due to the same cause: an attempt to utilize all the well-authenticated statistical material bearing upon the subjects treated. The amount of labor entailed by this attempt was so large that I have been unable to carry the discussion beyond the first four years in the history of the greenbacks. Even within this brief period two impor tant topics are passed over. Nothing is said of the effects of the greenbacks upon foreign trade, and no comparisons are made between American and foreign experiences with paper money. The former topic is omitted from lack of time to get the refractory statistical data relating to it into significant shape; indeed, my dealings with the figures incline me to doubt whether any other than a speculative treatment is feasible. As for the latter topic, I soon discovered that foreign comparisons presented too large a subject to be dealt with as a side issue in such a monograph as the present. Moreover, the consequences of the abandonment of the specie standard in which I have been most interested are such as can be traced only when one has much fuller information regarding prices, wages, and the like than are available to the student of foreign experiments with inconvertible paper currencies.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
Wesley Clair Mitchell
Published Date -
ISBN - 9781528371582
Dimensions - 22.9 x 15.2 x 3.2 cm
Page Count - 595
Paperback
Contributors
Author
Wesley Clair Mitchell
Published Date -
ISBN - 9781331984405
Dimensions - 22.9 x 15.2 x 3.2 cm
Page Count - 597
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