Readings in Money and Banking by Chester Arthur Phillips

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About this eBook

Author Phillips, Chester Arthur, 1882-1976
Title Readings in Money and Banking
Selected and Adapted
Credits E-text prepared by Jonathan Ingram, Josephine Paolucci, and the Online Distributed Proofreading Team (http://www.pgdp.net) from page images generously made available by Internet Archive/Canadian Libraries (http://www.archive.org/details/toronto)
Summary "Readings in Money and Banking" by Chester Arthur Phillips is an educational text written in the early 20th century. This work serves as a supplemental collection of readings related to the subjects of money, banking, and currency, aimed primarily at students studying economics and finance. The book discusses the historical context, functions, and properties of money, as well as significant banking concepts and contemporary issues of its time. At the start of this text, the author lays the groundwork for understanding the significance of money as a medium of exchange and a measure of value. He addresses the concept of barter and the inconveniences associated with it, ultimately leading to the emergence of money as a solution to facilitate trade. He explores the roles that different materials, especially metals like gold and silver, have played throughout history in serving as currency. Phillips highlights key ideas around the beginnings and evolution of monetary systems, emphasizing their importance for economic stability and growth. (This is an automatically generated summary.)
Language English
LoC Class HG: Social sciences: Finance
Subject Money
Subject Banks and banking
Subject Banks and banking -- United States
Category Text
EBook-No. 35120
Release Date
Copyright Status Public domain in the USA.
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