The payment of a trade by money in the form of bills and coins is simply more practical than exchange of goods. But this can only work, if the contracting parties are convinced of the quality of money:
The fixed relationship between the amount of money in circulation and a reserve value deposit in sufficient quantiy generates the trust of the people in the value of the money.
In the case of a gold standard, the real value of the money is the gold … Weiterlesen
The third President of the United States, Thomas Jefferson wrote then: “I think banking institutions are more dangerous than standing armies”.
The FED is … Weiterlesen
Representatives of 44 countries participated in the conference in Bretton Woods, New Hampshire, where a future monetary system was agreed:
From 1754 to the end of the war of secession in 1865, many companies that built war goods were able to develop so strongly through orders of different interests that they became an economic power in the USA.
The US economy has made a great leap … Weiterlesen
Since its Foundation in 1871, the German Empire had developed from a relatively backward country into the second largest industrial nation in the world. By the turn of the century it had overtaken France and had become a direct competitor of Great Britain.
The world … Weiterlesen
In Russia, tsarist rule came to an end, which gave Germany the opportunity to transfer the forces in the east to the western front. The USA accepted that Germany could win the war.
The US MoneyMonarchy had granted loans to the United Kingdom alone in … Weiterlesen
On 15. August, 1971, US President Richard Nixon lifted the dollar’s attachment to gold (Nixon shock), as agreed in the Bretton Woods System.
With the onset of the post-war boom, the longest period of growth that capitalism had experienced until then began. As a result of … Weiterlesen
The huge influx of immigrants to the United States reached its peak in the first decade of the 20th century. It culminates in the middle of the 20th century. Among the many unskilled workers, there was a strong competition that was exploited by the Industrialists. … Weiterlesen
The representatives of the victorious allies met in the Paris suburb of Versailles in order to coordinate their further action towards the war-loser Germany, Austria-Hungary and the Ottoman Empire.
Right at the beginning, Britain, France and Italy called for the debt relief of their war debts.… Weiterlesen
