Word: coin
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Dates: during 1920-1929
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...little over two years the amount of Federal Reserve Notes has increased from $357,239,000 (April 1, 1917) to $2,504,753,000 (August 1, 1919), whereas the amount of gold coin and certificates in circulation has changed from $1,989,152,000 to $728,046,000 in the same period. The entire gold supply of the country has increased from about two billions to about three billions. We see that the Federal Reserve Notes have increased seven times and that the entire quantity of gold has been augumented by only fifty per cent, of its former supply...