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Principles of Commerce is a comprehensive and detailed examination of the economic principles that underlie domestic and foreign trade. The book provides a thorough analysis of the mechanisms of trade, the advantages and disadvantages of different trading arrangements, and the transportation costs associated with different modes of transport. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Excerpt from Principles of Commerce: A Study of the Mechanism, the Advantages, and the Transportation Costs of Foreign and Domestic Trade In writing a book on the Principles of Commerce, my purpose has been to present the theory of commerce in its several important aspects, while yet so emphasizing the relations of the different branches of the subject to each other, as to give unity to the whole. In accordance with this purpose, the book has been written in three Parts (separately paged), viz., (I) The Exchange Mechanism of Commerce; (II) The Economic Advantages of Commerce; and (III) The Transportation Costs of Commerce. Each Part has a real and close connection with the Part immediately preceding or following it; yet no one Part is written merely as an introduction to or appendix to another. Each is important in itself. In Part I the aim is to set forth briefly the laws of money and the nature of banking, and then to show, through an analysis of foreign exchange operations, the international nature of the credit relations growing out of trade. In this Part, I have endeavored to analyze, more fully than is usually done, the interrelations of different persons, buyers and sellers, et al., in the credit mechanism of exchange, - to show who are the ultimate creditors when bank checks and bank notes are used in trade and when bills of exchange (especially "long bills") arc used. The flow of money from country to country is explained, and the relation of this flow to fluctuations in the rate of exchange. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Excerpt from International Trade and Exchange: A Study of the Mechanism and Advantages of Commerce In this book I have aimed to cover the theory of international and intranational trade, with due consideration of the exchange mechanism of such trade, and with some reference to the effects of government interferences with trade. The larger emphasis, as the title of the book suggests, is on international trade; but the similarity of principle in intranational trade is not overlooked. I originally planned a somewhat longer work, on the Principles of Commerce, to include also, as Part III, The Transportation Expenses of Commerce. The carrying out of this plan has not been given up; but it has seemed advisable not to delay the publication of Parts I and II, which together make a unified whole, until Part III is likewise ready for printing. My hope is that the larger book may be completed and published in the not distant future. In the meanwhile, the present book, containing, perhaps, a more conventional combination of topics, may possibly fill a place which the more extended work could not fill. Part I deals chiefly with the subject of Foreign Exchange, though it also contains two introductory chapters on Laws of Money and The Nature of Banking, which, in my judgment, make possible a clearer understanding of the economic theory of foreign exchange operations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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