Money and trade considered

Chapter 2: MONEY AND TRADE CONSIDERED.

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About This Book

The work analyzes the nature and functions of money, explaining why certain metals served as standards and how money enables valuation, exchange, and enforceable contracts. It surveys the limits of barter and the role of coinage and uniform standards in easing transactions across places. The author links the quantity and quality of money to trade, prices, and the division of labor, and critiques policies aimed at preserving metallic reserves. He advances proposals for transferable credit, bank-issued notes, and organized banking to expand the money supply and invigorate commerce while outlining safeguards needed to sustain public confidence.

MONEY AND TRADE CONSIDERED.

There are several proposals offer’d to remedy the difficulties the nation is under from the great scarcity of money.

That a right judgment may be made, which will be most safe, advantageous and practicable; it seems necessary, 1. that the nature of money be inquired into, and why silver was used as money preferable to other goods. 2. that trade be considered, and how far money affects trade. 3. that the measures have been used for preserving and increasing money, and these now proposed, be examined.