1. The Appreciation of Gold.
- Subjects
GOLD ,PRICES ,PRECIOUS metals ,MONEY - Abstract
The article focuses on Gold currency and the general prices of commodities in England. To ascertain whether there have been within the last hundred years such variations of general prices as may without doubt be ascribed to the greater or less amount of the precious metals, one shall naturally look first at the period immediately following the gold discoveries in California and Australia. There is a striking difference among English statisticians on this question. The matter is carefully examined in the sixth volume of Tcoke's "History of Prices," and the conclusion is stated that although the annual supply of gold in 1856 and the four preceding years bad been fourfold greater than it had been in 1848 and previously, and although the addition to the metallic circulation of the leading commercial nations bad been more than one-third of the pre-existing stock, yet the range of general prices had not been at that date, noticeably influenced in England.
- Published
- 1885