National Economy and the Banking System of the United States: An Exposition of the Principles of Modern Monetary Science in Their Relation to the National Economy and the Banking System of the United States (Classic Reprint)
National Economy and the Banking System of the United States: An Exposition of the Principles of Modern Monetary Science in Their Relation to the National Economy and the Banking System of the United States (Classic Reprint)
Excerpt from National Economy and the Banking System of the United States: An Exposition of the Principles of Modern Monetary Science in Their Relation to the National Economy and the Banking System of the United States This act was generally regarded as the greatest achievement of that administration. Under this act of liquid money was created to finance the World War. It financed not only the United States but financed to the extent of billions of dollars Great Britain, France, Italy, and their allies. That one act won ...
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Excerpt from National Economy and the Banking System of the United States: An Exposition of the Principles of Modern Monetary Science in Their Relation to the National Economy and the Banking System of the United States This act was generally regarded as the greatest achievement of that administration. Under this act of liquid money was created to finance the World War. It financed not only the United States but financed to the extent of billions of dollars Great Britain, France, Italy, and their allies. That one act won the war, said John Skelton Williams, the Comptroller of the Currency. The United States came out of this war in a highly prosperous condition. This prosperity was the result of the expansion of credit and currency which enormously stimulated production and employ ment. In 1921 those in control of the Federal Reserve System contracted credit and currency by the use of the great powers of the Federal Reserve Act. It resulted in depression. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... 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.
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