The Life and Correspondence of Sir Bartle Frere Bart;, G. C. B., F. R. S., Etc, Vol. 2 of 2 (Classic Reprint)
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Life and Correspondence of Sir Bartle Frere Bart;, G. C. B., F. R. S., Etc, Vol. 2 of 2 Plethora of money - Back-Bay scheme - Rise of prices - Speculation - Time-bargains - Commercial crisis - Bank of Bombay - Its failure - Grumblers - Frere appointed Member of Indian Council - Leaves India. As the American Civil War continued, the demand for cotton and the rise in its price were fully maintained. In 1862, cultivators near Ahmedabad had been seen by a correspondent of Frere´s ploughing down grain crops a foot high in their haste to sow cotton. The value of the cotton exported from the Bombay Presidency had risen from less than seven millions in 1860-61 to more than thirty-one millions in 1864-65. Large and unprecedented profits were being made by the cultivators, by the Bombay merchants, and by all classes of traders and labourers. In the country districts part of the sudden accretion of wealth was being hoarded or converted into silver ornaments by the ryots. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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