Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
GOLD AND GOLD MONEY· IN U.S. PRIOR TO 1914<br />
United States tended downward, as is shown by <strong>the</strong><br />
following table:<br />
PRICES IN 'l'HE UNITED STATES, 1879 TO 1900<br />
1879 = 100<br />
Wholesale prices, General prices,l<br />
Year Bureau of Labor Federal Reserve Bank,<br />
Statistics New York<br />
1879 100 100<br />
1880 112 107<br />
1881 115 111<br />
IS82 121 114<br />
1883 112 111<br />
1884 103 107<br />
1885 95 103<br />
1886 91 101<br />
1887 94 103<br />
1888 96 106<br />
1889 91 104<br />
1890 92 106<br />
1891 91 107<br />
1892 85 104<br />
1893 87 106<br />
1894 77 101<br />
1895 79 101<br />
1896 76 100<br />
1897 76 100<br />
1898 79 100<br />
1899 85 104<br />
1900 91 107<br />
1 "General prices" covers a weighted composite of wholesale prices, retail prices, security prices,<br />
<strong>and</strong> rents. (See p. 191, note.)<br />
This downward trend of commodity prices in <strong>the</strong><br />
United States under <strong>the</strong> gold st<strong>and</strong>ard was paralleled<br />
by similar trends in o<strong>the</strong>r gold-st<strong>and</strong>ard countries,<br />
including Engl<strong>and</strong>, Germany, <strong>and</strong> France. In <strong>the</strong><br />
United States, moreover, it followed <strong>the</strong> long period<br />
[ 89 )
Change language