Z. Na De Alexe Evna Ragozin
Publisher: RareBooksClub.com (July 4, 2012)
Format: PDF / Kindle / ePub
Size: 8.5 MB
Downloadable formats: PDF
This historical e-book can have a number of typos and lacking textual content. buyers can obtain a unfastened scanned reproduction of the unique booklet (without typos) from the writer. no longer listed. no longer illustrated. 1900 version. Excerpt: ... luxuries, and so on. This should have unavoidably been the case specially within the advertisement transactions among civilized international locations and savages or semi-civilized peoples, to whom direct alternate was once the one intelligible and secure monetary operation. yet within the transactions among retailers of an identical kingdom or of alternative both civilized countries, the necessity of a few much less cumbrous technique of doing enterprise had lengthy been felt,--and provided. It consisted in substituting buy for barter, i. e., changing merchandises, no longer opposed to different item, yet opposed to whatever of equivalent worth, handy suit and quantity, which at any second may be in its flip exchanged for no matter what wares theowner wanted. after all the intrinsic price of this type of medium of alternate has to be a universally stated one, made up our minds via normal contract. It has from occasions immemorial been came upon expedient to take a position with such normal price the so-called worthwhile metals, gold and silver. as soon as the optimistic worth of a given weight of the steel were settled, it basically remained to divide lots of it right into a nice many smaller items, each one weighing a definite fraction of the traditional weight, and for this reason representing a definite, well-defined fraction of the traditional unit price. Henceforth the service provider who bought a rug, or a dagger, or a vessel of excellent glass, used to be no longer pressured to soak up check a few reside sheep, or of sheepskins, or of measures of grain, or a wagon-load of hay,--or the other ponderous and bulky wares that his consumer could ensue to have to be had; nor want a farmer, removing his surplus inventory or grain, soak up alternate for it articles that, possibly, weren't in any respect what he sought after. A bar, or a undeniable variety of earrings of gold or silver did the business...