Readings in Money and Banking Selected and Adapted

"Readings in Money and Banking" by Chester Arthur Phillips is a collection designed to educate readers on the core principles surrounding money and banking in the early 1900s. It begins by describing the fundamental role of money as a tool for trade, comparing it to less efficient systems like bartering. The book moves on to explore the historical uses of different materials, such as gold and silver that served as currency, in global monetary systems. Phillips underscores the important connection between understanding these systems and achieving economic growth.