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THE RESTORATION OF THE CURRENCY (1868) IBD

JAMES SHEPHERD PIKE
KESSINGER PUBLISHING, LLC
10 / 2009
9781120340382
Inglés

Sinopsis

The Restoration of the Currency is a book written by James Shepherd Pike in 1868. The book is a detailed analysis of the currency system in the United States during the post-Civil War era. Pike argues that the country?s currency system is in dire need of reform and provides a comprehensive plan for restoring the currency to a sound and stable state.Pike begins by examining the history of the U.S. currency system, from the colonial period to the present day. He then delves into the problems that arose during and after the Civil War, such as the issuance of paper money, inflation, and the suspension of specie payments. Pike argues that these issues have led to a devaluation of the currency and a loss of confidence in the monetary system.The author proposes a series of measures to restore the currency to its former strength, including the establishment of a gold standard, the redemption of paper currency in gold, and the creation of a national banking system. Pike also advocates for the elimination of fractional currency and the issuance of a uniform national currency.The Restoration of the Currency is a significant work in the history of American finance and monetary policy. Pike?s ideas influenced the debate over currency reform in the late 19th century and helped shape the modern U.S. monetary system. The book is a valuable resource for historians, economists, and anyone interested in the history of American finance.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.