On the record
Fluctuation, however, in the paper value of the measure of all values (gold) is detrimental to the interests of trade.
Source
gutenberg.orgEditor's note · Context
Grant notes that fluctuations in currency value negatively impact business interests.
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More from Ulysses S. Grant
I have attempted a new policy toward these wards of the nation (they can not be regarded in any other light than as wards), with fair results so far as tried, and which I hope will be attended ultimately with great success.
Debt, debt abroad, is the only element that can, with always a sound currency, enter into our affairs to cause any continued depression in the industries and prosperity of our people.
The ingenuity and skill of American mechanics have been demonstrated at home and abroad in a manner most flattering to their pride.
Commerce, trade, and, above all, the efforts to bring a people widely separated into a community of interest are always benefited by a rapid intercommunication.
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