Excerpt from The Story of Gold
This book is an attempt to present the development of the modern gold mining industry, with especial reference to the connection between its development and the ebb and flow of business prosperity.
The connection between the gold supply and prosperity is now thoroughly understood. Without a supply of gold, increasing at a rate corresponding to the volume of business transactions, prices must decline, and the scale of business operations must be curtailed.
On the other hand, if the gold mines furnish an adequate supply of reserve money, which serves as a foundation for the immense edifice of credit and token money, prices tend upward, and prosperity endures and increases.
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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. Это и многое другое вы найдете в книге The Story of Gold (Classic Reprint) (Edward Sherwood Meade)