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It is frequently interpreted, - he spoke, - that here I agree with one American
The journalist who has somehow noticed that free business in a banking
Is a synonym of freedom of fraud. "Similar claims" in the slightest
Degrees are not based on the arguments, similar that are used in
Requirements about competition freedom in manufacture. The bank sphere is
The area of state regulation getting to sphere of the competence
Polices "1838, p. 206, " History of Prices ", Vol. III. This statement of Tuka
The infinite number of times was quoted by opponents of freedom of bank business in
To Europe, becoming for them a certain similarity of the slogan.
The mass suspensions of monetary payments which were taking place in 1837 in America,
Have led to a new coil of disputes on other party of Atlantic. Subsequently these
Disputes have made essential impact and on the European thought. Two authors -
Richard Hildret (Richard Hildreth) and G.C.Kejri (H. C. Carey) - were especially
Are categorical in that events of 1837 have served as a strong argument in advantage
Freedom of bank business. It Necessity of Free Competition in the
Business of Banking ", 1837 and "The History of Banks to which is added
a Demonstration of the Advantages has subjected to the sharp criticism spirit reigning in America
Protectionism, having declared that if to a free competition it has been permitted
To replace existing system of political intervention and monopolism,
Crisis consequences would not be so serious. In turn, Keri "The
Credit System in France, Great Britain, and the United States ", 1838] has risen on
Protection of the American bank system, underlining that fact that this system,
Without being, certainly, faultless in every respect, gave much
It is more than services, than banks of any other country. It also asserted that
Bankruptcies in America were much more an unusual occurrence, than in England. [On
To words of Keri, from the moment of establishment in America the first banks and till 1837 the general
The number of bankruptcies in this country and has not reached similar figure for England
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