Money Inflation in the United States: A Study in Social Pathology |
Other editions - View all
Common terms and phrases
agricultural American Bank of Kentucky bank-notes capital cent chapter character circulation coin colonial commercial Congress conservatism creditors currency debt debtor demand depreciated depreciated currency depression discount ditions dollars economic effect element emotional England England Bank established exchange extension fact farm farmer fictitious capital forces free coinage frontier G. P. PUTNAM'S SONS gold Government greenbacks Harriet Martineau History ibid important increase industry inflation influence institutions intellectual interest issue Kentucky labor land legal-tender Legislature loans ment mental mind movement nomic non-possessors notes Ohio operation paper money period persons political population possession principles production profit psychological purpose railway redemption relatively rendered result rural Second Bank secure settlement Shays's Rebellion silver social society South specie payments speculative square mile standard Suffolk Bank taxes tendency theory thought processes tion ultra-rational United wealth West wheat
Popular passages
Page 196 - Having behind us the producing masses of this nation and the world, supported by the commercial interests, the laboring interests and the toilers everywhere, we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold.
Page 111 - The charter of the bank of the United States expires in 1836, and its stockholders will most probably apply for a renewal of their privileges. In order to avoid the evils resulting from precipitancy in a measure involving such important principles, and such deep pecuniary interests, I feel that I cannot, in justice to the parties interested, too soon present it, to the deliberate consideration of the Legislature and the People.
Page 52 - The way to prevent these irregular interpositions of the people is to give them full information of their affairs through the channel of the public papers, and to contrive that those papers should penetrate the whole mass of the people.
Page 52 - The basis of our government being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter.
Page 110 - All the flourishing cities of the west are mortgaged to this money power. They may be devoured by it at any moment. They are in the jaws of the monster! A lump of butter in the mouth of a dog! one gulp, one swallow, and all is gone!
Page 113 - Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by act of Congress. By attempting to gratify their desires we have in the results of our legislation arrayed section against section, interest against interest, and man against man, in a fearful commotion which threatens to shake the foundations of our Union.
Page 112 - Both the constitutionality and the expediency of the law creating this bank are well questioned by a large portion of our fellow-citizens, and it must be admitted by all that it has failed in the great end of establishing a uniform and sound currency.