The Depression Of Trade: Its Real Cause And Its Remedy (1879)

By Ernest Seyd

Book Overview

The Depression of Trade: Its Real Cause and Its Remedy is a book written by Ernest Seyd and published in 1879. The book is centered around the economic depression that was prevalent during the late 19th century and aims to identify the real cause of the depression and provide a solution for it. Seyd argues that the depression of trade is not caused by overproduction or a lack of demand, as many economists of the time believed. Instead, he suggests that the root cause of the depression is the monetary system, specifically the gold standard. Seyd believes that the gold standard restricts the money supply and creates a deflationary environment that leads to economic depression. The book also provides a solution to the problem of the gold standard. Seyd suggests that a bimetallic standard, which would allow for the use of both gold and silver as currency, would be a better alternative. This would increase the money supply and create a more stable economic environment. Overall, The Depression of Trade is an important historical work that sheds light on the economic theories and debates of the late 19th century. It provides valuable insights into the causes of economic depression and offers a solution that was controversial at the time but has since been adopted by many countries around the world.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: 1120742943
• ISBN13: 9781120742940
• Release Date: November 2009
• Publisher: Kessinger Publishing
• Length: 58 Pages
• Weight: 0.34 lbs.
• Dimensions: 0.1" x 8.3" x 11.0"