Wie Deutschland seine Schulden bezahlen kann!

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Monograph

Identifikator:: 1014015472

URN:: urn:nbn:de:zbw-retromon-24472

Document type:: Monograph

Author:: Ladendorf, Friedrich

Title:: Wie Deutschland seine Schulden bezahlen kann!

Place of publication:: Berlin

Publisher:: Verlag Otto Elsner Verlagsgesellschaft m.b.H

Year of publication:: 1921

Scope:: 1 Online-Ressource (64 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 3. Teil. Das neue System

Collection:: Economics Books

PAPER PRICES 10Y and at the same time so extremely pernicious.” ? In our own country the evil of an ever-increasing currency continued throughout 191g, though at a speed reduced to about half what it was during the latter part of the War, but at the end of the year a determination to stop the rot became manifest. The Cunliffe Committee which was appointed in January, 1918, “ to consider the various problems which will arise in connection with currency and the foreign exchanges ”’ had made in August of that year (when the first edition of *his book was being written) an interim report wich -onred the retention in the future British curren- vitem of the principle of the Bank Charter Act... 34 that the paper currency should be limited by the requirement of 100 per cent. cover for all notes issued above a certain maximum, and recommended that after the completion of demobilization till the amount of that maximum could be definitely fixed, the actual highest amount reached in any one year should be the legal maximum for the next. It rejected the suggestion “ urged in some quarters that in order to make possible the provision of a liberal supply of money at low rates during the period ¢ reconstruction further new currency notes should be created with the object of enabling banks to make large loans to industry without the risk of finding themselves short of cash to meet the reqri-ements of the public for legal- tender money.” . {t= z wear and a quarter of apparent somnolence inis committee awoke again to activity, and presented on December 3, 1919, a short Final Rer-rt of whith the important part was the statement “nal effect should now be given to the recommendc.:ion :: xde in our Interim Report that the actual mr "mum £ uciary circulation in any Lt Wealth © Id’; la Ed. Cannan, vol. ii, ~m

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