The Evolution of Modern MoneyMacmillan and Company, limited, 1901 - 373 pages |
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Common terms and phrases
adoption already altogether appears bank Bank of England become billon Blanc bullion cause Charles circulation commodities copper course currency debased denarius deniers depreciation doubt Edward eighteenth century England English Europe existence exports fact favour fixed florins fluctuations foreign France free coinage French gold and silver gold coin gold crown gold standard Gresham's Law guinea Henry important increase India instance internal intrinsic value issued J. S. Mill king la Monnaie legal tender livres Lord Liverpool measure of values ment mints modern Mommsen Monnaie Monnoyes nation ornament ounce passes by weight payments penny period pound sterling precious metals principle purchasing quantity question raise ratio regard reign remarks retail rise Roman Rome rupee says seems sesterce shillings silver coin Sir James Steuart solidus sols sovereign standard money subsidiary money things tion token money trade transition wholesale worse money worth
Popular passages
Page 253 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
Page 158 - Hands. Here, by the by, we may observe, That it were better for Trade, and consequently for everybody, (for more Money would be stirring, and less would do the business) if Rents were paid by shorter Intervals that six months.
Page 231 - ... his neck, his arms, his legs, his ears, necklaces, bracelets, rings and pendants of every shape, in the manufacture of which the precious metals are always and everywhere preferred.
Page 220 - When an article reaches this degree of acceptability, it becomes money, no matter what it is made of, and no matter why people want it.
Page 3 - But it is no wonder, if the price and value of things be confounded and uncertain, when the measure itself is lost. For we have now no lawful silver money current amongst us; and therefore cannot talk, nor judge right...
Page 224 - I have had occasion to quote so often already may be quoted again in this connection.1 /'The commodity that becomes money," Mommsen observes, "must above all things not be one that is indispensable for the supply of the most urgent material needs. It is for this reason that in no country has corn ever been used as the comparative measure of the value of other merchandise ; and that mankind 'after having, from the most remote antiquity, successively and in various countries employed as money cattle,...
Page 58 - Spain, with all their charge, and all that they could raise. He knew all their funds were so swallowed up, that it was impossible for them to victual and set out their fleet, but by their credit in the bank of Genoa. So he undertook to write to all the places of trade, and to get such remittances made on that bank, that he...
Page 149 - The circulation of every country may be considered as divided into two different branches ; the circulation of the dealers with one another, and the circulation between the dealers and the consumers.
Page 139 - majesty's coin, there appears but very little; so " that in effect we have none left for common use, " but a little old lean coined money of the late three " former princes. And what supply is preparing for " it, my lords ? I hear of none, unless it be of copper " farthings, and this is the metal that is to vindicate, " according to the inscription on it, the dominion of
Page 291 - ... An advance of money which enables a farmer to bestow a higher degree of cultivation on his land — which enables a manufacturer or a tradesman to extend his business — has the effect of increasing the quantity of commodities offered for sale, and consequently to reduce the price. The banks, too, by advancing capital on lower terms than it could be otherwise obtained, diminish the cost of production, and, consequently, the price. The banks still farther reduce prices by destroying monopoly....