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Deflation and Devaluation
Our Return to the Gold Standard
The Place of Money in the New Machine
4 other sections not shown
able adverse balance Argentina balance of trade bank deposits Bank of England Bank Rate Belgium borrow Britain budget capital cash holdings caused cent CHAPTER cheque consequently cost course creditor currency debtor December 30 deflation depreciation dollar duction economic Edwin Cannan effect enable Exchange Equalisation Fund Exchequer expenditure exports fall floating debt forced foreign currencies France French francs Germany gold holding gold production Government securities higher holders imports improved income industry inflation interest rates investments lend abroad loans lower machinery maintain ment million National Debt obtain ounce owing payments position pound pre-War parity present price of gold productive capacity profits purchasing capacity purchasing power raised rate of interest raw materials reason redeemable reduced restrict result retail prices rise sell slump spending standard of living sterling sterling area Stock Exchange taxation trade cycle Treasury Bills unemployed unemployment whilst Zeeland