An Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency (1874)

By S. Cooper

Book Overview

""An Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency"" is a book written by S. Cooper in 1874. The book is focused on the topic of resuming specie payments, which refers to the process of returning to a monetary system where paper currency is backed by a specific amount of gold or silver. In the book, Cooper compares the advantages and disadvantages of a specie-backed currency with those of an irredeemable paper currency, which is not backed by any tangible asset. He argues that a specie-backed currency is more stable and reliable than an irredeemable paper currency, as it is based on a tangible asset that has intrinsic value. Cooper also discusses the history of currency systems and the factors that led to the adoption of an irredeemable paper currency. He argues that the adoption of such a system was a mistake and that it has led to economic instability and inflation. Overall, ""An Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency"" is a scholarly work that provides a detailed analysis of currency systems and their impact on the economy. It is a valuable resource for anyone interested in the history of monetary policy and the role of currency in economic stability.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.

• Format: Paperback
• Language: English
• ISBN: 1165303256
• ISBN13: 9781165303250
• Release Date: September 2010
• Publisher: Kessinger Publishing
• Length: 74 Pages
• Weight: 0.24 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"