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Remarks on the production of the precious metals and on the demonetization of gold in several countries in Europe

By Léon Faucher

(3.5 stars) • 10 reviews

Discover how the surge in gold production turned the world of wealth upside down, shaking money systems and changing what nations valued.

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Released
2015-11-30
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Summary

"Remarks on the Production of the Precious Metals" by Léon Faucher, is a study on how making and using money from precious metals like gold and silver affected European economies in the 1800s. The book starts by looking at how the value of gold and silver changed, especially when lots of new gold was found in places like Australia and Siberia. Because there was so much more gold, it wasn't worth as much as it used to be, and some countries started changing how they used gold for money. The author talks about past times when money values changed a lot, and gets into how these changes could make money systems unstable. The beginning of the book sets up a detailed look at the ups and downs of gold and silver values, and how these prices affected different countries.

About the Author

Information on this author is scarce, but their work continues to inspire readers.

Average Rating
4.0
Aggregate review score sourced from Goodreads
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Total Reviews
10.0k
Total reviews from Goodreads may change