Publisher's Synopsis
Bank Monopoly: The Cause Of Commercial Crises (1864) is a book written by George Guthrie that discusses the role of banks in causing economic crises. The book argues that the monopoly power of banks over the supply of money and credit is the main cause of commercial crises, which lead to economic instability and financial ruin. Guthrie argues that banks have the power to create money out of thin air, which allows them to control the supply of credit and manipulate interest rates to their advantage. This power, according to Guthrie, leads to an unsustainable credit expansion that eventually results in a financial crisis. The book also discusses the history of banking and the evolution of the monetary system, as well as the role of government in regulating the banking industry. Overall, Bank Monopoly provides a critical analysis of the banking system and its impact on the economy, making it a valuable read for anyone interested in economics and financial history.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.
