The Decay Of Money: A Survey Of Western Currencies, 1912-1962

The Decay of Money: A Survey of Western Currencies, 1912-1962 is a book written by Elgin Groseclose that provides a comprehensive analysis of the decline of Western currencies during the first half of the 20th century. The book covers a period of 50 years, starting from the beginning of World War I in 1912 and ending with the Cuban missile crisis in 1962. Groseclose examines the economic and political factors that contributed to the weakening of the currencies of Western nations such as the United States, Great Britain, France, and Germany. He discusses the impact of inflation, government intervention in the economy, and the rise of international trade on the value of currencies. The book also delves into the history of monetary systems, including the gold standard and the Bretton Woods system, and their role in shaping the global economy. Groseclose provides a detailed analysis of the policies and decisions made by central banks and governments that led to the devaluation of currencies and the erosion of purchasing power. Overall, The Decay of Money provides a thorough examination of the factors that contributed to the decline of Western currencies during the first half of the 20th century. It offers insights into the challenges faced by policymakers in maintaining stable currencies and provides a historical perspective on the current state of the global economy.Monograph No. 1.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Author: Elgin Groseclose
Publisher: Literary Licensing, LLC
Published: 08/26/2011
Pages: 34
Binding Type: Hardcover
Weight: 0.49lbs
Size: 9.00h x 6.00w x 0.25d
ISBN: 9781258094447

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