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Excerpt from The Money Problem Up to that time, business in the United States had been fairly prosperous, and the monthly addition of several millions Of dollars to the currency, provided by the Sherman Silver Purchasing Act, increased the facilities required by the nation's growing industries. But these facilities were viewed with great disfavour by the banks, since they served to lessen the demand for bank credit - upon which bankers thrive. To their complaints and direful prophecies thebusiness community paid little heed, since the Treasury Silver notes were circulating as readily as Gold notes. From neither of the two great political parties could the banks expect any sympathy or support. One course only remained, and that was to capture the successful candidate for the Presidency and depend upon his influence to procure the necessary legislation. 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.


Product details

  • Hardback | 258 pages
  • 152 x 229 x 16mm | 499g
  • London, United Kingdom
  • English
  • 5 Illustrations; Illustrations, black and white
  • 0267793820
  • 9780267793822


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