Daniel Webster on Credit Value

Posted by admin on Friday, March 15, 2013

Daniel Webster Money Quotation saying access to capital through credit markets has extended value of workers, equipment and trade. Daniel Webster said:
 
Credit has done a thousand times more to enrich mankind than all the gold mines in the world. It has exalted labor, stimulated manufacture and pushed commerce over every sea Quote
 

“Credit has done a thousand times more to enrich mankind than all the gold mines in the world. It has exalted labor, stimulated manufacture and pushed commerce over every sea” — Daniel Webster

 

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Daniel Webster is praising credit for enriching humanity far more than gold mines. He argues that credit has elevated labor by enabling investment, stimulated manufacturing through loans to businesses, and expanded commerce globally by financing trade between distant markets over seas.

The quote recognizes the immense economic benefits that an accessible credit system provides by facilitating investment, production, and trade throughout society on a large scale.

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