Credit and the Value of Money (1904)

Credit and the Value of Money is a book written by Abram Piatt Andrew and published in 1904. The book is a comprehensive study of the role of credit in the economy and its impact on the value of money. The author explores the history of credit and its evolution over time, from the early days of barter to modern banking systems. He also discusses the various types of credit, such as commercial credit, bank credit, and government credit.Andrew delves into the complex relationship between credit and money, arguing that credit is an essential component of the monetary system. He explains how credit affects the supply of money and the value of currency, and how changes in credit can lead to inflation or deflation.The book also examines the role of central banks in regulating credit and maintaining the stability of the monetary system. Andrew provides a detailed analysis of the Federal Reserve System, which had been established just a few years prior to the book's publication.Credit and the Value of Money is a seminal work in the field of economics, and its insights into the workings of credit and the monetary system remain relevant today. The book is a must-read for anyone interested in understanding the complexities of modern finance and the role of credit in the economy.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.