文档介绍：GOLD AND THE
GOLD STANDARD
The Story of Gold Money
Past, Present and Future
BY
EDWIN WALTER KEMMERER
Emeritus Professor oflnternational Finance
Princeton University
FIRST EDITION
McGRAW-HILL PANY, INC.
NEW YORK AND ~ONDON
1944
PREFATORY NOTE
exception by expressing my particular gratitude to
Dr. Louis C. West and Professor Philip K. Hitti,
of Princeton, for their valuable suggestions con•
cerning the money of ancient times, and to my son
Professor Donald L. Kemmerer, of the University of
Illinois, and Professor Oskar Morgenstern, of Prince•
ton, both of whom read theentiremanuscriptandgave
me many useful criticisms and suggestions, most of
which I have adopted.
EDWIN WALTER KEMMERER.
PRINCETON, N. J.,
October, 1944.
[vi]
Contents
PAGE
PREFATORY NOTE ... V
CHAPTER I
THE PLACE OF GOLD IN THE MONEY OF ANCIENT AND
4EDIEVAL TIMES. . . . . . . . 3
Origin of the Gold Standard-Early Coinage in Asia Minor•
Coinage in the Land of the Greeks-The Position of Gold in the
Money of Ancient Rome: Bronze MOQey; Silver Money-Gold
Money during the Republic-Gold Money during the Empire in
the West-The Place of Gold in the Money of Continental Europe
during the Middle Ages-Characteristics of the Economy of the
Middle Ages-Gold .Coins-Seigniorage.
CHAPTER II
Two THOUSAND YEARS OF GOLD MONEY IN ENGLAND. 26
Developments from Ancient Times to 1492-From the Reign of
Henry III to the Discovery of America in 1492-Developments
from 1492 to 1821-Silver Predominant over Gold for Two Cen•
turies of Quasi Bimetallism-Gold Predominant over Silver for
a Century-The Paper Pound-Bank Notes and Deposit Cur•
rency-Lord Liverpool's Letter to the King-Gold Standard
Legally Adopted-The Gold Standard Goes into Operation.
CHAPTER ·111
GOLD MONEY AND THE GOLD STANDARD IN THE UNITED
STATES PRIOR TO THE FIRST WORLD WAR. . . .• 53
The Preconstitutional Period-The Colonial Period-The Period
9£ the Revolution and the Confederati