The stock market crash - and after

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Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XII. Relief in Seven Years of Stable Money

Collection:: Economics Books

186 The Stock Market Crash—And After already taken by the Federal Reserve Board, the upward and downward fluctuations in purchasing power of the dollar have been less observable than during any equal period since 1800. There has been a slight tendency to increase in the purchasing power of the dollar. as reflected in a lower wholesale price WHOLESALE COMMODITY PRICES [RVING FISHERS STABILITY 20 17 18¢ 12: 162. 3 'S 1828 18926 1927 1928 ga 1929 CHART 19.—Stable wholesale commodity price level, 1923-1929, (steadied purchasing power of the dollar) has encouraged the mak- ing and keeping of business contracts. level since 1925; but this was brought about mainly through reduction in costs by mass production and skilled organization. While the dollar increased in purchasing power during 1926, part of 1927 and during the latter half of 1929, there was slight evi- dence of deflation that would be shown in the general shutting down of plants and unemployment. That

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