155. Are the values of gold and silver subject to exactly the same natural laws as other commodities?
156. Give the explanations and qualifications required to render the following proposition true: “The quantity of coin in every country is regulated by the value of the commodities which are to be circulated by it.”
157. Would the world be richer if every individual in it suddenly found the quantity of money in his possession doubled?
158. How far, or in what way, do you consider it correct to say that the general level of prices in a country depends upon the quantity of gold coin existing in that country?
159. A single good harvest causes a considerable fall in the value of wheat; but a great addition to the year's supply of gold from the mines produces little effect on its general value. How do you account for the difference?
160. Show the effect of establishing a double standard.
161. Show how Gresham's law is illustrated by the history of the currency in the United States between 1834 and 1873.
162. What effect had the discovery of gold in this century upon the coinage of the United States?
163. What is the system upon which the small silver currency of the United States is coined and issued?
164. State briefly the aim of the United States coinage act of 1853.