War borrowing

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Monograph

Identifikator:: 101124439X

URN:: urn:nbn:de:zbw-retromon-21219

Document type:: Monograph

Author:: Hollander, Jacob H. http://d-nb.info/gnd/136924867

Title:: War borrowing

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1919

Scope:: 1 Online-Ressource (215 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The price level

Collection:: Economics Books

174 WAR BORROWING resort to payment by credit after August, 1917, would accordingly be reflected in a continuous rise of prices. As to the Government’s price-fixing activity; In the first five months of 1918 the list of price con trolled commodities was steadily extended. The price of zinc was fixed in February; aluminum in March; rubber, hides and skin, and wool in May. Up to June, 1918, little attempt had been made to regulate the prices of goods in higher stages of fab rication, control being exercised primarily over the prices of raw materials or of materials in the early stages of fabrication. On June 25, 1918, however, the price of harness leather was fixed, followed by the control of the prices of a large number of classes of cotton goods, beginning on July 1, 1918; and later by a form of control of the retail prices of shoes. This shift in the character of price control in June, 1918, is apparently indicative of a feeling in the Price-Fixing Committee of the War Industries Board that the regulation of the prices of raw ma terials was not in itself sufficient to retard advances in the prices of fabricated goods. The actual effect of the public control of prices on the level of prices in this country is, of course, diffi cult to evaluate because of the large number of fac tors operating on the prices of particular commodi ties. With respect to raw materials and of ma terials in the early stages of fabrication regulation seems in the main to have been successful in check ing any further upward tendency in prices. The ef fect of control of the prices of raw materials on the

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