Chapter 45. Use, Coinage, and Value of Money
1. If gold were to become as plentiful as iron, would it be worth more or less than iron?
2. Some say Providence has indicated gold and silver as the materials for money. How has this been done?
3. Why does nearly all the gold produced in California leave the state? What keeps any of it there?
4. Who makes coins? Would jewelers make better ones?
5. When gold comes out of the mine is the gain to the community greater or less than when the same value of grain is harvested?
6. Does gold cost the day-laborer as much in California as in New York?
7. What are the principal things besides money uses that cause a demand for gold and silver?
8. The mint price of an ounce of gold, .900 fine, is alike at San Francisco and Philadelphia, $18.604. Why is gold ever shipped from California to New York?
9. Give examples of things that increase the demand for money.
10. Note any habits of friends that result in their carrying more or less money than others of the same income.
11. What determines the amount of money needed by different persons, towns, states, and nations?
12. When goods are exchanged for money or money for goods, what is the gain?
13. On an isolated island would it make any difference as to the value of money if there were but one gold-mine or several competing ones, supposing that the output were the same?