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Had Professor Nussbaum written this book on money before the outbreak of the Great War of 1914, its publication would probably not have attracted as much attention from the legal profession as it is now certain to do. Because of the unparalleled relative stability of economic and monetary conditions which characterized the period ending with the World War, lawyers of the pre-War period did not regard money "as a problem of paramount importance, but as an established fact", and did not find legal problems of money exciting enough to write about.

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