Publisher's Synopsis
Excerpt from Effects of the War on Money, Credit and Banking in France and the United States
The account of occurrences and policies in the United States is so full, accurate and clear that editorial comment on them is unnecessary. Certain matters stand out in the confused history of the early days of the war which should be guiding posts for the future. For he would have been held a foolish prophet who, be fore the war, would have predicted that the economic structure of the world would have withstood as well as it actually did the shock of the military cataclysm. The closing of the stock ex changes, the moratoria, the strength and wise action of central banks and the provision of emergency currency. Are the great master strokes of policy that kept the economic ship of state from shipwreck.
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