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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 10, 1933

Page

7

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.

E. W. Kemmerer Princeton Unversity United States Federal Reserve Banks Federal Reserve

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