INDEX.

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  • Aldrich Report, the, 83.
  • Bagehot, Walter, quoted, 54, 122, 197.
  • Bank-notes, national, proposal for increasing issue of, 146.
  • Bi-metallism, 46, 67.
  • BÖhm-Bawerk, von, quoted, 4, 7.
  • Capital and money, distinction between, 104.
  • Coin. See Money.
  • Coin and paper money, 22.
  • Cost of production, 10.
  • Credit, money forms of, 92.
  • Currency, an elastic. See Money.
  • Decline in prices, 90, 101.
  • Definition of money, 21.
  • Definition of value, 1.
  • Demand and supply. See Supply and Demand.
  • Dollar, gold and silver, 125.
  • Economist, London, on foreign prices, 83, 84, 86.
  • Ely, Prof. R.T., quoted, 32, 47.
  • Employers of labour, 102, 199.
  • EncyclopÆdia Britannica on money, 35.
  • Exchange, money as a medium of. See Money.
  • Existing monetary systems, 51.
  • Foreign commerce, 112–124;
  • balance of trade, from an economic standpoint, a misnomer, 114;
  • international trade, ib.
  • France, monetary system of, changed to a gold basis, 70.
  • Functions and requirements of money, 25.
  • Germany, monetary system of, changed to a gold basis, 70.
  • Gold. See Money and Monetary Systems.
  • Gold production between the years 1850–57 in Australia and California, 90.
  • Gold-standard arguments criticised, 98;
  • Mr. D.A. Wells' fallacy of deeming labour a test of value, 100;
  • threefold division of the community into labourers, employers of labour, and money loaners, 102;
  • distinction between capital and money, 107.
  • See Stability of Gold and Silver Values.
  • Gold standard, the, 54.
  • Greenbacks, 126, 129, 146.
  • Gresham's law, 57, 59, 65, 67, 149.
  • Inconvertible paper, 22, 76.
  • India, English commission on the depression of trade in, 119;
  • silver currency in, 96.
  • Invariable money value, necessity for, 28, 40.
  • Jevons, Professor, quoted,

    (Larger)

    ---- Value or Purchasing Power of Gold
    .... Value or Purchasing Power of Silver

    in per-centages on Values of 1860; assuming that the list of 223 commodities in report of Finance Com. U.S. Senate No. 1394, weighted according to importance, fairly represents all commodities, and that their average is therefore of constant value.

    (Larger)

    Diagram of Price Variations

    Showing average per-centage of change,
    from prices of 1860, of each of four lists
    of commodities, Gold prices.

    Platted from tables in Senate Report No. 1394 Finance Com. 2nd Session, 52nd Con.

    === U.S. Senate Finance Com. List 223 Commodities
    --- Mr Sauerbeck's List. English prices. 56 Commodities
    ... Economist List. English prices. 22 Commodities
    ,,, Mr Soetbeer's List. Hamburg and Eng. prices 114 Commodities.

                                                                                                                                                                                                                                                                                                               

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