Repository: UIHistories Project: War Publications - WWI Compilation 1923 - Article 47 [PAGE 9]

EXTRACTED TEXT FROM PAGE:

III.

THE

PROBLEM

OF

PRICES

A. The Functions of Money 1. 2. 3. As a medium of exchange As a standard of values As a standard of d e f e r r e d payments

B. The Effect of the W a r on t h e O u t p u t of Gold C. The International F l o w of Gold d u r i n g t h e w a r — p o l i c i e s and

tises of various nations.

D. Credit in w a r t i m e 1. 2. Issue of paper money based on a reserve of gold The gold reserve in w a r

(a) The proclamation of Sept. 7, 1917

3. 4. E. The issue of paper money by v a r i o u s g o v e r n m e n t s The use of Federal Reserve Notes

The price level 1. 2. Before the w a r Effect of w a r on t h e price level

(a) In various countries (b) In various industries

F. T h e Effect of t h e war on 1. 2. G. T h e cost of living The rate of wsges

The Problem of Price Adjustment 1. 2 T o what extent will prices fall The contraction of credit

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