Inflation by group of products during the 1913-1920 period.
During the first world war period, the inflationary pressure was distributed in the following manner. As Kemmerer wrote in 1920: [...] Wholesale prices, we have seen, have increased on an average 165%...
View ArticleHow did wages progress during the 1913-1920 period.
Now a bit of information about the level of wage inflation during the same period. As Kemmerer wrote: [...] The industrial survey recently conducted by the United States Bureau of Labor Statistics...
View ArticleDecember 30th 1861, end of specie conversion, Gold price trading immediately...
It seems that whenever Governments want to announce something which is going to displease the population, they do it at times when the people are suspecting the least, usually holidays periods are fair...
View ArticleComplete list of prices of Gold in greenback year by year from 1862 to 1878
Here are the tables.
View ArticleAnalyzing the three phases of the Gold price during the Greenback period
As Mitchell wrote: “These summary tables and the chart show the existence of four clearly differentiated periods in the fluctuations of the premium during the 17 years of the greenback standard of...
View ArticleThe link between gold prices and commodities.
In the 1913-1920 massive stagflation that the US witnessed, the Gold price was artificially tied to the paper. The bullion was not freely shipped overseas, the specie was moved out of the circulation...
View ArticleInflation as a monetary phenomenon during the greenback period.
As Mitchell wrote in 1908: “When two countries have similar monetary systems and important business relations with each other, the movements of their price-levels as represented by index numbers are...
View ArticleHow did Gold track commodities during the Greenback period?
How Gold and commodities evolve one against the other in a paper standard. There is fortunately a precedent which is quite instructive, and this precedent is the Greenback era. There are plenty of...
View ArticleThe sequence of Price increases during the Greenback standard period
As we have seen before Gold, the commodity form of money was the first to spike up and indicate rise in prices. What happens next is to compare the behavior of Food and Non Food commodities during this...
View ArticleHow did the French “livre” fair during the 1721 John Law paper money debacle....
Recently I was asked to go on assignment to find out what was the French “livre” worth back in 1708 and 1721. After erring a bit on the assignment I found good data which are interesting and...
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