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Excerpt from History of Prices, Vol. 1 of 2: And of the State of the Circulation, From 1793 to 1837; Preceded by a Brief Sketch of the State of the Corn Trade in the Last Two Centuries
But the theory of war-demand, as having raised prices, and of the peace as having, by the con sequent cessation of that demand, been necessarily followed by a fall of prices, is now rarely advanced. The preponderant, and almost exclusive theory, is that which refers all the phenomena of high prices from 1792 till 1819, and of the comparative low prices since 1819, to alterations in the system of our currency, holding all other circumstances that can have had any in¿uence to be so subordinate as not to be worth mentioning.
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