Durch die Kriegswirtschaft zur Naturalwirtschaft

Bibliographic data

Monograph

Identifikator:: 891221816

URN:: urn:nbn:de:zbw-retromon-76666

Document type:: Monograph

Author:: Neurath, Otto http://d-nb.info/gnd/118587420

Title:: Durch die Kriegswirtschaft zur Naturalwirtschaft

Place of publication:: München

Publisher:: Verlag von Georg D. W. Callwey

Year of publication:: 1919

Scope:: 1 Online-Ressource (231 Seiten)

Collection:: Economics Books

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132 PARLIAMENTARY COLBERTISM currency, with which Elizabeth had to deal, had been de- liberately issued by her father and her brother; but there bad been no decided debasement of English coinage under any of the seventeenth century governments. Charles L had been tempted to have recourse to this expedient, but his advisers on the Council convinced him that the step was unwise’. The coins issued from the Mint continued to be of the fine standard and full weight, all through the century ; and such masses were minted that it was surprising that silver coins should be so scarce, and that so many of the examples in circulation should be light, defective and debased. The constant drain? of good money caused a very gerious loss to the nation? and it was not easy to see to what it was due, or how it occurred; it certainly did not appear that any fault attached to the Government. Ihereslts Soon after the Restoration, the government of Charles IL of lonneng adopted, on the advice of the Council, a singularly liberal — monetary policy. As some critics thought unadvisedly, and lion. gs others would say prematurely, they took the bold step of allowing the export of gold and silver bullion without licence®, and of undertaking the free coinage of bullion® brought to the Mint. To break so entirely with the bullionist tradition was a bold stroke, and the report of the Council of Trade, which recommended it. marks an era A.D. 1689 —1776. was not due to de- basement of the i331e8. 1 See the speech attributed to Sir Robert Cotton; Shaw, Select Tracts, Documents tlustrative of English Monetary History, p. 27. 2 See S. P. D. James I. 73, 18 May 1611, 4 Proclamation against melting or conveying out of the King's Dominions of gold or silver current in the same. Also Charles I. 25 May 1627. Brit. Mus. 21. h. 1 (38). 3 Haynes (Brief Memotrs relating to the Silver and Gold Coins of England with an Account of the Corruption of the Hammer'd Monys and of the Reform by the Late Grand Coynage at the Tower and the five Country Mints, 1700. Brit. Mus. Lans. MS. pooct.) puts it at between two and three hundred thousand annually, from 1689, p. 74. He thinks that the worst clipping occurred in 1695 when the re- coinage was imminent, p. 100. He estimates the total loss on running silver cash as £2,250,000, p. 75. + Shaw, The History of Currency, 163. 6 15 Charles IL. c. 7, § 9. The preamble of the section is worth quoting: * And forasmuch as several considerable and advantagious trades cannot be conveniently driven and carryed on without the Species of Money or Bullion, and that if is found by experience, that they are carryed in greatest abundance (as to a Common Market) to such places as give free liberty for exporting the same, and the better to keepe in, and encrease the current Covens of this Kingdom, be it enacted,” ete. 8 18 Charles Il. c. 5.

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