Kirjahaku

This book, first published in 1934, provides a discussion of the important facts and underlying principles of the financial problems that the American people were facing after the Great Depression. The title includes discussions of gold and paper standards, Germany’s inflation, the silver question and debtor and creditor relationships. This title will be of interest to students of monetary economics and the history of economic thought.

This book, first published in 1934, provides a discussion of the important facts and underlying principles of the financial problems that the American people were facing after the Great Depression. The title includes discussions of gold and paper standards, Germany’s inflation, the silver question and debtor and creditor relationships. This title will be of interest to students of monetary economics and the history of economic thought.

Gold and the Gold Standard: The Story of Gold Money Past, Present and Future by Edwin Walter Kemmerer is a comprehensive book that delves into the history and significance of gold as a form of currency. The book explores the role of gold in the global economy, from its use in ancient civilizations to its impact on modern financial systems. Kemmerer provides a detailed analysis of the gold standard, a monetary system that was used by many countries in the past and is still used by some today. He explains how the gold standard worked and the benefits and drawbacks of using gold as a standard for currency. The author also examines the various factors that have influenced the price of gold over time, including supply and demand, inflation, and geopolitical events. He discusses the impact of gold on international trade and the role of gold in central bank reserves. In addition to historical analysis, Kemmerer also offers insights into the future of gold as a form of currency. He explores the potential for digital currencies to replace physical gold and the implications of this shift on the global economy. Overall, Gold and the Gold Standard is a valuable resource for anyone interested in the history and future of gold as a form of currency. It provides a comprehensive overview of the topic and offers insights into the role that gold will play in the global economy in the years to come.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Renowned economist Edwin Kemmerer narrates the inception and history of the Federal Reserve System, while outlining its functions and purposes in the economy of the United States.The Federal Reserve was conceived as an antidote to a succession of financial panics in the late 19th and early 20th century. The great panic of 1907 was, for government legislators weary of the chaos and joblessness brought by such volatility, the final straw. For a time J. P. Morgan, a banking magnate, aggressively plowed funds to stabilize, avert and mitigate the chaos. However a longer term, government-backed solution was needed: in 1913, the Federal Reserve was formally established. Edwin Kemmerer was already influential in academia at the time of the Federal Reserve's creation, and broadly supported the concept of the 'central bank' as a stabilizing force. The order brought to finance by centralization, together with a pegging of the dollar to gold, formed lifelong pillars of the author's economic philosophy. Although the gold standard in particular has since fell from favor, many of the guiding principles in this book stand in modern day economics, and its historical value is undoubted. Together with a comprehensive account of the Federal Reserve, the Appendices of this book contain relevant law of the era. The Federal Reserve Act, together with salient portions of the Farm Loan Act (an early exemplar of the post-Fed system of credit) are included with the author's notes. In all, this book offers readers an in-depth justification and narration of the Fed's creation and early years.