Excerpt from Foreign Exchange: Before, During, and After the War Looking at the situation statistically, a Frenchman who left ???100 in an English bank at the outbreak of war, which cost him about francs, can now sell the money for about francs. An Englishman who had 100 dollars in New York at the outbreak of war now finds that the money is worth 486/344ths of what it was worth at the time of investment. One thousand English pounds bought Swiss francs on February 4, 1920, and bought more on November 17, 1920. So we might ...
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Excerpt from Foreign Exchange: Before, During, and After the War Looking at the situation statistically, a Frenchman who left ???100 in an English bank at the outbreak of war, which cost him about francs, can now sell the money for about francs. An Englishman who had 100 dollars in New York at the outbreak of war now finds that the money is worth 486/344ths of what it was worth at the time of investment. One thousand English pounds bought Swiss francs on February 4, 1920, and bought more on November 17, 1920. So we might go on, but these illustrations will be enough. Putting it into terms of commodities, every time the dollar increases in value in terms of the pound, the price of bacon and wheat and lard from America will rise in price in shops here. Tea growers are cutting down their production, and rubber growers are doing likewise, not because rubber or tea are not desired, but because Central European countries have so little money that they cannot afford to buy the tea or the rubber. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.