Effects of the Gold Clause Decision
– January 1, 1935
Industrial production and volumeof distribution are not yet affected by pending gold clause decisions. Basic industries show continuation of the recent upward trend. Charts showing production, purchasing power, and prices appear on last page of this bulletin. Data covering the final month of 1934 show a sharp rise in the industrial production index accompanied by increases in the indexes of inflation and commodity prices.
[pdf-embedder url=”https://www.aier.org/wp-content/uploads/2013/11/RR19350199M.pdf“]AIER Staff
Founded in 1933, The American Institute for Economic Research (AIER) educates people on the value of personal freedom, free enterprise, property rights, limited government, and sound money. AIER’s ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity, and human progress.
