Excerpt from Money and Banking, Vol. 5: A Discussion of the Principles of Money and Credit, With Descriptions of the World's Leading Banking Systems

This volume discusses questions in which the American people have been forced by events to take a deep and personal interest. The rise of prices and resultant increase in the cost of living since 1897 have provoked universal discussion and even called forth proclamations of disapproval from mayors, governors and other public men. The panic of 1907, which caused the temporary suspension of cash payments by many banks in the United States, is now recognized to have been mainly due to the defects of the American banking system. It is doubtful if any other scientific questions have been the subject of so much popular debate as those which are treated in this volume on Money and Banking.

It goes without saying that no man is fit to plan the digging of a tunnel or the construction of a railroad, to mend a clock or repair an automobile, unless he has had a certain amount of scientific training. In mechanics the world recognizes the need and practical value of science. In finance the same need exists, but it is not yet generally acknowledged. Everybody thinks he understands the money question, or that it is not worth understanding, and the average man is inclined to think that the business of banking is so simple that if our banks have in any way fallen short of their duty, the men who manage them must either be very ignorant of their business or very selfish and speculative in their methods.

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.

Product Details
Author:  Earl Dean Howard
ISBN:  1330421795   
Publisher:  Forgotten Books
Publish Date:  September 27, 2015
Pages:  526 pages
Dimensions:  1.06" H x 9.0" L x 6.0" W (1.53 lbs) 

Money and Banking, Vol. 5: A Discussion of the Principles of Money and Credit, with Descriptions of the World's Leading Banking Systems (Classic

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