The International Silver Situation (1896)

The International Silver Situation, written by Frank William Taussig and published in 1896, is a comprehensive analysis of the global silver market during the late 19th century. The book explores the economic, political, and social factors that influenced the demand and supply of silver, and the impact of these factors on the international monetary system.Taussig begins by examining the historical context of the silver market, tracing the evolution of its use as a currency and commodity from ancient times to the present day. He then delves into the contemporary situation, exploring the role of silver in the global economy and the factors that were affecting its value at the time.One of the key themes of the book is the debate over the use of silver as a standard of value alongside gold. Taussig analyzes the arguments for and against bimetallism, the system in which both gold and silver are used as currency, and explores the implications of adopting such a system.The book also looks at the political and social implications of the silver market, particularly in relation to the United States and China. Taussig examines the impact of silver on the American economy and the political debates surrounding the issue of bimetallism in the United States. He also explores the role of silver in the Chinese economy and the impact of the global silver market on Chinese society.Overall, The International Silver Situation provides a detailed and insightful analysis of the silver market during a crucial period in its history. Taussig's work remains a valuable resource for economists, historians, and anyone interested in the history of money and finance.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.