Word: depress
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Dates: during 1890-1899
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...Single gold standard would give rise to great evils. - (a) Would depress trade and industry: Amer. Jour. Soc. Sci. XXXII, 27. - (1) On a gold basis, the amount of money could not increase with the growth of population and business. - (x) Supply of gold is insufficient: Report of U. S. Monetary Commission of 1877, p. 15; Pol. Sci. Q. VIII, 211. - (2) Contraction of amount of money means lower prices: Mill, Pol. Econ., book III, ch. 8. - (b) Would injure the debtor class. - (1) They would have to pay in an appreciated currency: MacVane, Pol. Econ., 123. - (c) Would injure...
...lower prices (Walker, 268-269). Lower prices (1) will depress industry: (International Monetary Conference 1892, pp. 240-245). (2) Will harm farmers (Taussig, Silver Situation, 112-115). (3) Will harm debtors (MacVane, Pol. Econ. p. 123). (4) Scarcity of money causes dangerous extension of credit. (b) It is a fluctuating standard. (1) Gold appreciates. (Walker, p. 254). (2) Prices of commodities have fallen as much as silver. (Silver Situation...