Word: trade
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Dates: during 1890-1899
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...must remain on a gold basis. - (a) Gold is more stable in value than silver: Jevons, pp. 305, 311-313. - (b) A silver standard would injure trade. - (1) Would produce violent fluctuations in foreign exchange: F. A. Walker, Political Economy, pp. 409-411. - (2) Would render the value of debts uncertain. - (c) The morale of tinkering with the currency is bad: Taussig, 126-127. - (d) Change to a silver standard means another financial crisis. - (e) A silver standard is dishonest. - (1) Injures creditor. - (2) Does not permanently help debtor...
...silver basis. - (v) Silver replaced disappearing bank notes: Taussig, 38-39. - (w) Treasury offered baits to induce use of silver: Taussig, 20, 41. - (x) Banks received treasury notes of 1890 freely: Taussig, 59. - (y) Large surplus in '85-'86: Taussig, p. 32. - (z) Favorable balance of trade. - (2) Such exceptional good luck can not be expected to continue. - (3) Events of this last winter prove that with an unfavorable balance of trade we can not maintain gold payment. - (x) The drain of gold falls wholly on the treasury. - (y) Gold bonds are a temporary expedient...
...Vascoda Gama sailed around the Cape of Good Hope while in search of a passage to India, and from this time colonies have slowly sprung up along the shore, especially on the Guinea coast, where the slave trade was largely carried on. From 1815 to 1875 a gradual awakening of interest took place in Europe, and since that time there has been an exciting race to see which nation should acquire most land. This sudden change was caused by the encouraging information which Stanley brought back from the interior...
...Free ships furnish the only practicable remedy. - (a) They enable Americans to compete on equal terms for world's commerce.-(1) Ships can be bought at lowest price.-(b) Carrying trade should not be sacrificed to shipbuilding.-(1) It employs fifty times as many men: Kelley, Question of Ships, p. 31.-(c) American shipbuilding not seriously affected.-(1) Only iron ships concerned.-(d) Success of plan well illustrated by Germany's policy: D. A. Wells, as above...
...Elimination of private profits is objectionable on political grounds. - (a) Involves extensive participation of government in liquor trade, - (1) Disposition of profits. - (2) Minute supervision by officials. - (b) Interferes unreasonably with liquor dealer's conduct of his own business. - (c) Regulates unreasonably personal liberty in drinking...