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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1877 edition. Excerpt: ...of paper than they have specie or means to meet. They cannot pay three dollars with one by any legerdemain of the counter or till. During the expansion of the currency, property rises; during contraction it falls, thus giving the banks a glorious opportunity of making fortunes from the public. They can make property dear or cheap. They can create a famiue in Israel and have corn in Egypt to allay it, but will take care to sell the corn at their own prices. Our paper circulation in 1837 was one hundred and fifty millions, hut a single fiat from Threadneedle street, in London, demolished the fabric and exhibited to the astonished gaze of American freemen the whole array of banks suspended or bankrupt and the whole people ruined. Failures abounded, commerce was crippled, manufactures suspended, wages reduced, multitudes out of employment, values diminished, debts increased, and the barriers of commercial honestj destroyed. The depreciated paper was bought up by the banks at ruinous discounts. Such is but a faint outline of the effects produced by our banks during the late suspension. All are but parts of a stupendous whole, Whose body is avarice, without a soul." The people, however, as they generally do, held the administration as responsible for the distress, and THE PRESIDENTIAL CAMPAIGN was a most exciting one. Gen. Harrison was the Whig candidate, and as he lived in the West, the log cabin and the hard cider barrel became the symbols of his party. Many a drunkard dated his downward course from the "hard cider campaign" of 1840. Horace Greeley, then a rising young man, published a campaign paper, called the " Log Cabin," and it had an immense circulation. Songs were multiplied about " Tippecanoe and Tyler, too." They were elected by...
| ISBN-13 | 9780471616269 |
|---|---|
| ISBN-10 | 0471616265 |
| Edition | 6th Edition |
| Format | Hardcover |
|---|---|
| Pages | 800 pages |
| Publisher | John Wiley & Sons |
| Published On | 1990-01-01 |
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A2ZBooks
Burgin, Ky, USA
Book is in used good condition. Pages contain some markings and highlighting. Binding is tight. 68...
Free delivery by: 30 Mar 2026