People's Pilot, Volume 3, Number 33, Rensselaer, Jasper County, 2 February 1894 — Result of Money Shrinkage. [ARTICLE]

Result of Money Shrinkage.

At the commencement of the Christian era, the amount of money in the world, reckoned in our c.urrencv, was about At the beginning of the fifteenth century it was about f‘200,000,000. With , this shrinkage of the volume of money all industries declined and intellectual activity virtually ceased. The intervening period is known as the dark ages.