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Money Disaster Hits All Money Disaster Hits All
The AP reports 1974 was a disastrous year for world currencies amid widespread devaluations and large money supplies. Investors sought art and other assets as hedges while auctions in Manhattan and major European cities fell. Antique furniture and vintage photography posted strong gains as currency values weakened.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Franz Pick
Pick
Manhattan
London
Geneva
Zurich
Paris
Philadelphia