By John F Chown, Forrest Capie
This booklet offers an in depth and superb historical past of cash from Charlemagne's reform in nearly AD800 to the tip of the Silver Wars in 1896. It additionally summarizes 20th century advancements and areas them of their ancient context.
Read Online or Download A History of Money: From AD 800 PDF
Similar money & monetary policy books
How and for whose gain the ecu crucial financial institution (ECB) will paintings is without doubt one of the most crucial matters dealing with Europe, and has been the topic of massive media and educational curiosity. a lot of this dialogue has been of an more and more emotional and political nature and has served to blur instead of tell.
Gold and the most appropriate: the tale of Gold cash, previous, current, and destiny is Edwin Walter Kemmerer's significant treatise. one of many twentieth century's unsung heroes, Kemmerer used to be an economics professor at Princeton and was once a sought-after "money health care provider" within the interwar interval, supporting nations determine and preserve powerful currencies among 1923 and 1933.
Why do banks cave in? Are monetary structures extra fragile in contemporary a long time? Can guidelines to mend the banking process do extra damage than reliable? what is the heritage of banking crises? With dozens of short, non-technical articles by way of economists and different researchers, Banking Crises deals solutions from different scholarly viewpoints.
- A Critique of Monetary Policy
- Money and the Natural Rate of Unemployment
- European Monetary Integration (CESifo Seminar Series)
- The Value of a Dollar: Prices and Incomes in the United States, 1860-2009
Additional resources for A History of Money: From AD 800
Even the French royal coinages lost twothirds of their silver value within a century. The situation was much the same in Italy, where coinage rights typically vested in the trading cities. It was very important, in drawing up contracts, to indicate clearly which currency was meant. The quality of coinage survived rather longer in the Ottonian Empire (very roughly modern Germany), while some countries in Eastern Europe continued to regard coinage as a royal prerogative. Stefan I (997–1088) of Hungary, for instance, established a sound silver currency.
Unfortunately for students (whether enthusiasts, or opponents) of monetarism, the Popular Party was defeated the following year and the measures were never implemented. The laboratory was destroyed before the experiment had really begun. 3 MONEY IN EUROPE TO 1250 THE CAROLINGIAN REFORM Twelve pence make one shilling Twenty shillings make one pound. Every British schoolboy knew this—until 1971. This system went back a long, long way, to the effective founder of the Western European monetary system, King Pepin the Short of France (751–68), the father of Charlemagne.
The periodical recoinage to take account of this was five or ten years overdue. The long cross coinage (1279–1544) This took place in 1279. The two previous recoinages had maintained the de jure, and restored the de facto, weight standards, but at a substantial cost to the King (in 1205) or the public (in 1247). 2 grains: this was certainly more than the actual weight of the old coins in circulation but was a tentative move’ to the perhaps obvious solution of simply bringing the de jure standard into line with the de facto bullion content of the worn coins actually circulating.