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kredumthepmo - Some Phases of Finance During the Great War (Classic Reprint) pdf

Some Phases of Finance During the Great War (Classic Reprint) pdf

نویسنده : Derek Diesel یکشنبه 28 تیر 1394 05:20 ب.ظ  •   

Some Phases of Finance During the Great War (Classic Reprint).cCarl C Plehn
Some Phases of Finance During the Great War (Classic Reprint)
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Author: Carl C Plehn
Number of Pages: 44 pages
Published Date: 27 Sep 2015
Publisher: Forgotten Books
Publication Country: United States
Language: English
ISBN: 9781330370087
Download Link: Some Phases of Finance During the Great War (Classic Reprint)
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Excerpt from Some Phases of Finance During the Great War Yet like Samson, though they came to make sport, they blindly got "hold on the two middle pillars on which the house (of finance) rested and pulled the house down upon the lords and all the people that were therein." The stage setting even was appropriate, for the bank was torn up for structural alterations. A few thousand pounds of holiday money from the strongest bank in the world-did ever a lighter straw break the camel's back? What a load there must have been otherwise if this featherweight was the overweight. All in one week the load accumulated. On Friday, July 24, Austria sent her ultimatum to Servia. Saturday, July 25, there was a near-panic on the London Stock Exchange and other bourses. All the next week the foreign exchanges were very queer. But the old lady in Threadneedle Street is slow and dignified, until she gets really flustered, and she waited the appointed time for the regular day, Thursday, before raising the bank rate of discount to steady the market. On Thursday the rate was raised from three to four per cent. According to precedent this rate should have stood until the following Thursday. For Thursday is selected so that the effect of the change in the bank rate may be seen on the remoter exchanges during the following week. Furthermore the coming Monday was to be the Bank Holiday. But contrary to all precedents the rate went up on Friday from four to eight per cent and the next day to ten per cent, after the visit of the mob of holiday makers. Ten per cent is the rate which, according to precedent, authorizes the Bank to apply for the suspension of the Bank Act. "Then," says Hartley Withers, "came Sunday, then the Bank Holiday, and war, and then three more bank holidays, and then the general moratorium." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

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