Turning Money Over to Spur Trade Across 1930s Economy
Central Press summarizes economist E. W. Kemmerer on dearth of trade rather than money. From 1929 to 1932 world trade fell 42 percent, wholesale prices down 35 percent, general prices 25 percent. money supply would need growth or faster circulation to restore activity.
MENTIONED IN THIS ARTICLE
E. W. Kemmerer
Princeton Unversity
United States
Federal Reserve Banks
Federal Reserve
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