Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency (1874)

""An Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency"" is a book written by S. Cooper in 1874. The book discusses the two different types of currency systems - specie payments and irredeemable paper currency. Specie payments refer to a currency system where paper money is backed by gold or silver, while irredeemable paper currency refers to a system where paper money is not backed by any precious metal. In this book, Cooper argues in favor of the resumption of specie payments, stating that it is a more stable and reliable currency system compared to an irredeemable paper currency. He provides various examples and historical evidence to support his argument. The book also discusses the impact of currency systems on the economy and the importance of maintaining a stable and trustworthy currency for the growth and development of a nation.Overall, ""An Essay On The Resumption Of Specie Payments: Compared With An Irredeemable Paper Currency"" is a valuable resource for anyone interested in the history and economics of currency systems. It provides a detailed analysis of the pros and cons of different currency systems and offers insights into the importance of maintaining a stable and reliable currency for economic growth and development.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.