Bi-Metallic Money: A Paper...
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Book Overview
"Bi-metallic Money: A Paper" explores the economic theory and historical practice of bimetallism, a monetary system in which a government recognizes both gold and silver as legal tender at a fixed ratio. This work provides insights into the complexities of managing a dual-currency system and the challenges of maintaining a stable exchange rate between the two metals.
Authored by Samuel Smith, this study delves into the potential benefits and pitfalls of bimetallism, including its impact on price stability, international trade, and economic growth. It offers a detailed analysis of the historical context in which bimetallism was adopted and the factors that ultimately led to its decline in favor of the gold standard. This paper remains relevant for understanding alternative monetary systems and the ongoing debates about currency valuation and monetary policy.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.
This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.
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