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THE CAUSES OF FAILURE
Credit and Overproduction
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agency Ameri American balance Bank of England banks barter basis became become billions building capital cent commercial commodities consumer financing consumption creased created credit system currency deferred payment plan demand depression device disaster dividend policy dole dollars duction effect employment England English excess existence expansion exports fact factors Federal Reserve System fiat money five-day week fundamental funds Germany gold reserves gold standard Hoover Hoover Moratorium huge improvement increase individual industrial revolution inventories investment labor limited loans mechanism medium of exchange ment money and credit mortgage nation National Economic Council necessity needs ness nomic overproduction paper period permanent possible pound pound sterling practical present price level problem production profits purchasing power raw materials reason rediscount reduction Reichsbank requirements result social economy stability sterling stimulation stock market substantial supply surplus tariff tion United volume wages wealth world trade Young Plan