Publisher's Synopsis
""The Contraction of the Currency"" is a book written by Charles K. Backus and published in 1878. The book presents an argument against the contraction of the currency, based on figures and quotations from official reports. Backus argues that the contraction of the currency would have a negative impact on the economy, leading to a decrease in business activity and an increase in unemployment. He also argues that the contraction of the currency would lead to a decrease in the value of property and a rise in the cost of living. The book provides a thorough analysis of the effects of currency contraction, and presents a compelling case against it. It is a valuable resource for anyone interested in the history of monetary policy in the United States.And Proving That The Circulating Medium Of The Country Has Not Been Materially Diminished Since 1865. Also, An Abstract Of The Laws Of The United States, Relating To Loans And Bonds, Enacted Since 1861.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.
