PAPER CURRENCY STANDARD

PAPER CURRENCY STANDARD It is unlikely that. after the experiences of the inter war period, gold standard would be established in the conventional sense by any country. of the world. Gold standard worked more or less automatically under the pre-1914 conditions of...

Clayton Act (1914)

Clayton Act (1914) The Clayton Act was passed to clarify and strengthen the Sherman Act. It outlawed tying contracts (in which a customer is forced to buy product B if she wants product A) it ruled price discrimination and exclusive dealings illegal; it banned inter...

FINAL WORD

FINAL WORD Our introductory survey of government’s role in the economy is a sobering reminder of the responsibility ties and shortcomings of collective action. On the one hand, governments must defend their borders stabilize their economies, protect the public...