Word: sauerback
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Dates: during 1896-1896
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...just currency standard is somewhere between that of 1873 and that of 1896. A. The gold standard has greatly appreciated since 1873. (1) It will buy more now than it would then. (a) Prices in England reckoned from 45 staple articles have fallen from 100 to 62 (Sauerback's Estimate in "Honest Dollar," p. 24). (b) Prices in Germany reckoned from 100 articles have fallen 35 per cent (Honest Dol. p. 25). (c) Prices in America have fallen from 100 to 61 (Barker's Bimetallism, p. 278). (2) The claim that falling prices are due to cheapening of production...
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