000 02626cam a22003253u 4500
001 62050
003 UtSlPG
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006 m
007 cr n
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010 _a19013733
040 _aUtSlPG
041 7 _aen
_2iso639-1
050 4 _aHG
100 1 _aOwen, Robert L.
_q(Robert Latham),
_d1856-1947
245 1 0 _aForeign Exchange
264 1 _aSalt Lake City, UT :
_bProject Gutenberg,
_c2020
300 _a1 online resource :
_bmultiple file formats
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aRelease date is 2020-05-07
508 _aProduced by Paul Marshall and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)
520 _a"Foreign Exchange" by Robert L. Owen is a comprehensive treatise on international finance and currency management written in the early 20th century, specifically in the context of post-World War I economic dynamics. The book focuses on the importance of maintaining the value of the American dollar in foreign markets, addressing the challenges posed by war conditions that resulted in depreciation against other currencies. Owen, a United States Senator from Oklahoma and the chairman of the Senate Committee on Banking and Currency, leverages his expertise to analyze the mechanisms of foreign exchange and the balance of trade. In "Foreign Exchange," Owen outlines the factors contributing to the American dollar's depreciation abroad, particularly in countries like Spain and Italy, and discusses the detrimental effects on American commerce and international relationships. The book delves into the intricacies of foreign bills of exchange, the concept of balance of trade, and the impact of government policies on currency valuation. Owen offers potential remedies to stabilize the dollar, such as the establishment of a Federal Reserve Foreign Bank to manage international exchange effectively and safeguard the value of American currency on the global stage. Through his analysis, Owen calls for coordinated governmental action to rectify the economic imbalances arising from war conditions and maintain the prestige of the dollar as a stable measure of value in international contracts. (This is an automatically generated summary.)
534 _nOriginal publication data not identified
653 _aForeign exchange
653 _aFederal Reserve banks
856 4 0 _uhttps://www.gutenberg.org/ebooks/62050
999 _c102874
_d102874