Excerpt from Principles of Commerce: A Study of the Mechanism, the Advantages, and the Transportation Costs of Foreign and Domestic Trade Part II succeeds logically to Part I. The money and credit mechanism of commerce having been described and its operation explained in Part I, Part II begins with a consideration of the gains of trade, whether the trade is within a single country or between countries. Then comes a discussion regarding the Shares of two or more countries in the gains resulting from their trade with each ...
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Excerpt from Principles of Commerce: A Study of the Mechanism, the Advantages, and the Transportation Costs of Foreign and Domestic Trade Part II succeeds logically to Part I. The money and credit mechanism of commerce having been described and its operation explained in Part I, Part II begins with a consideration of the gains of trade, whether the trade is within a single country or between countries. Then comes a discussion regarding the Shares of two or more countries in the gains resulting from their trade with each other. Chapter III deals with the shifting and incidence of revenue tariffs on imports and exports. In the remainder of Part II, I have considered govern mental interferences with and favors to trade, such as protective tariffs, bounties, navigation acts, canal build ing at public expense without charge to the users, land grants in encouragement of railway building, etc.; and have explained what effects are to be expected from these various policies. 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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