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Attack on Depression Must Center on Commodity Prices.

Source :
BusinessWeek; 3/2/1932, Issue 130, p24-27, 3p
Publication Year :
1932

Abstract

The article discusses the Reconstruction Finance Corp. (RFC) and the Glass-Steagall bill and their impact on the U.S. Federal Reserve Act. The changes involved a moratorium on securities which will be bought by the Federal Reserve and the circulation of more money and credit though the Reserve System. The article notes that the 1929 collapse of commodity prices have been the longest on record, with a drop rate of 10 per cent a year over two and a half years.

Details

Language :
English
ISSN :
00077135
Issue :
130
Database :
Complementary Index
Journal :
BusinessWeek
Publication Type :
Periodical
Accession number :
55469082