HKB
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Often appears with: public finance and debt · money, coin, and credit · second punic war · conquest, plunder, and captives · value, price, and exchange · tripoli prisoners and exchange · trade, markets, and merchants · sinking fund · second punic war coinage debasement · roman currency debasement · roman currency · roman aes coin
Usually: argument (4) · detachment (3) · curiosity (2) · commentary or gloss (1) · record or table (1) · captivity (1) · censure (1) · exhortation (1) · skepticism (1)
“In the course of the second Punic war, the As was still further reduced, first, from two ounces of copper to one ounce, and afterwards from one ounce to half an ounce; that is, to the twenty-fourth part of its original value.” Adam Smith, An Inquiry Into the Nature and Causes of the Wealth · observation
“By combining the three Roman operations into one, a debt of a hundred and twenty-eight millions of our present money, might in this manner be reduced all at once to a debt of L.5,333,333 : 6 : 8.” Adam Smith, An Inquiry Into the Nature and Causes of the Wealth · insight
“By combining the three Roman operations into one, a debt of a hundred and twenty-eight millions of our present money, might in this manner be reduced all at once to a debt of L.5,333,333 : 6 : 8.” Adam Smith, An Inquiry Into the Nature and Causes of the Wealth · insight
“Even the enormous debt of Great Britain might in this manner soon be paid.” Adam Smith, An Inquiry Into the Nature and Causes of the Wealth · observation
Jefferson notes the Louisiana cession’s impact on foreign relations, describes ongoing captivity concerns from the Tripoli war, reports land cessions and boundary-setting with Native nations, and provides updates on external revenue and debt reduction.
lands within the fork of Oconee and Oakmulgee rivers. The particulars of the contract will be laid before Congress so soon as they shall be in a state for communication. In order to remove every ground of difference possible with our Indian neighbors, I have proceeded in the work of settling with them and marking the boundaries between us. That with the Choctaw Nation is fixed in one part and will be through the who…
Jefferson details debt reduction and available treasury funds, explains how Louisiana’s acquisition would add debt yet remain manageable without new taxes, notes postponing remittances and gunboat spending, and reflects on renewed European war.
that the revenue accrued during the same term exceeds the sum counted on as sufficient for our current expenses and to extinguish the public debt within the period heretofore proposed. The amount of debt paid for the same year is about $3.1 millions exclusive of interest, and making, with the payment of the preceding year, a discharge of more than $8.5 millions of the principal of that debt, besides the accruing int…
Smith cites Roman coin debasement during the Second Punic War, arguing successive reductions of the as could mathematically shrink a huge public debt, suggesting Great Britain could similarly pay off debt.
of supporting any part of their civil or military establishments in time of peace; and endeavour to accommodate her future views and designs to the real mediocrity of her circumstances. FOOTNOTES: [1] It is mentioned, that when about three years old, he was stolen from the door of his uncle, Mr. Douglas, in Strathenry, where his mother had been on a visit, by some tinkers, or gypsies. He was rescued in Leslie wood …
Smith describes Roman debasement of the aes during the Second Punic War and argues that repeated reductions could shrink a large debt, even implying Britain’s enormous debt could be paid off this way.
[27] See Ruddiman's Preface to Anderson's Diplomata, &c. Scotiæ. [28] The method described in the text was by no means either the must common or the most expensive one in which those adventurers sometimes raised money by circulation. It frequently happened, that A in Edinburgh would enable B in London to pay the first bill of exchange, by drawing, a few days before it became due, a second bill at three months date u…
This passage begins mid-discussion, citing how Roman coinage was repeatedly reduced during the Second Punic War and claiming that such reductions could quickly erase a huge public debt.
*Physics*, the ancient system of, explained, 322. *Pin-making*, the extraordinary advantage of a division of labour in this art, 3. *Plate* of private families, the melting it down to supply state exigencies, an insignificant resource, 178. New plate is chiefly made from old, 225. *Ploughmen*, their knowledge more extensive than the generality of mechanics, 53. *Pneumatics*, the science of, explai…
Madison links postwar experience to American respect abroad and confidence at home, then describes population growth, industry, revenue, and plans to reduce burdens, discharge debt, and fund defense and authorized public works; he ends by pledging cooperation and urging justice toward other nations with liberal foreign commerce.
that our political institutions, founded in human rights and framed for their preservation, are equal to the severest trials of war, as well adapted to the ordinary periods of repose. As fruits of this experience and of the reputation acquired by the American arms on the land and on the water, the nation finds itself possessed of a growing respect abroad and of a just confidence in itself, which are among the best p…