Publisher's Synopsis
The Great Paper Bubble: Or The Coming Financial Explosion is a book written by Alexander Delmar in 1864. The book is a critical analysis of the economic conditions prevailing in the United States during the mid-19th century. The author argues that the country's financial system is built on a fragile foundation of paper money, credit, and speculation, which is bound to collapse sooner or later. Delmar delves into the history of paper money and its impact on the economy, citing several examples of financial bubbles that have burst in the past. He also highlights the flaws in the banking system and the rampant corruption that plagues it. The author predicts that the current economic boom is unsustainable and that a financial crisis is imminent.The book is a warning to the American people and the government to take corrective measures to prevent the impending disaster. Delmar suggests several remedies, including the adoption of a gold standard, the regulation of banks, and the elimination of speculation. The Great Paper Bubble: Or The Coming Financial Explosion is a well-researched and insightful book that provides a valuable historical perspective on the economic challenges faced by the United States. It remains relevant even today, as the world continues to grapple with financial crises and economic uncertainties.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.
