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ByGeorge F. Warren,Frank A. Pearson

Gold and Prices

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There is no friend as loyal as a book

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This influential study of the relationship between the prices of gold and other commodities was originally published in 1935. In it the authors attributed the initial cause of the great depression in the US to the reestablishment of the gold standard in many European countries and resulting deflation. The authors' recommendations were successfully implemented by Franklin D. Roosevelt.

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