Contents
CHAPTER I
Bankers as Statesmen—Statesmen as Chaotic Bankers—Extent of Currency Debasement—Money, Market made an Instrument of War—Consequent Problems—Our Pre-war System—Based on Gold—Free Convertibility—Thus Money could only be Increased by Imports of Gold—the Importance of this Limitation—Proved by the Effect of its Removal during the War—The Gold Standard and Foreign Trade—All the Chief Countries used, in Effect, the same Money—Harmony in Price Levels—Stability in Rates of Exchange—The Elasticity of the Pre-war System—A Bank Balance Sheet—The Banks as Creators of Credit—The Bank of England's Return—Bank of England Creates Credit which is Regarded as Cash—The System's Working.
CHAPTER II
Five ways of Raising Money for War—Taxation—Loans Subscribed with saved Money—Loans Raised Abroad—Loans Borrowed from
