PART ONE Theory of Currency and Credit 1
Ⅰ CREDIT WITHOUT MONEY 1
Ⅱ METALLIC MONEY AND PAPER MONEY 17
Ⅲ THE QUANTITY THEORY AND GRESHAM＇S LAW 29
Ⅳ CONSUMERS＇ INCOME AND OUTLAND 50
Ⅴ INVESTMENT AND DISPOSALS 63
Ⅵ THE BANKING SYSTEM 89
Ⅶ THE FOREIGN EXCHANGES 102
Ⅷ THE MECHANISM OF FOREIGN EXCHANGE 128
Ⅸ INTERNATIONAL CURRENCY MOVEMENTS 150
Ⅹ FINANCIAL CRISES 169
Ⅺ WAR FINANCE AND INFLATION 183
Ⅻ AFTER INFLATION 196
PART TWO Historical Illustrations 224
ⅩⅢ THE SILVER RECOINAGES IN ENGLAND 224
ⅩⅣ THE ASSIGNATS 245
ⅩⅤ THE BANK RESTRICTION OF 1797 268
ⅩⅥ THE GOLD STANDARD 293
ⅩⅦ EXCHANGE STANDARDS 325
ⅩⅧ THE WAR OF 1914-18 350
ⅩⅨ AFTER 1918 365
ⅩⅩ THE NINETEEN-THIRTIES 398
ⅩⅪ CONCLUSION 416
APPENDIX 437
INDEX 447