Bank Rate and Credit Control Federal Reserve Policies and the Defaltion Issue

October 25, 1924

Report Outline
The Bank Rate and Credit Control Federal Reserve Policies and the Deflation Issue
Special Focus

The Bank Rate and Credit Control Federal Reserve Policies and the Deflation Issue

Political Expressions

Each party has made reference in its platform to the Federal Reserve System with an implication concerning reform for purposes of alteration of the credit position, especially of the farmer, and two parties, the Democratic and the Third, have denounced the credit policy of the Federal Reserve Banks.

The Democratic platform says:

“We denounce the recent cruel and unjust contraction of legitimate and necessary credit and currency, which was directly due to the so called deflation policy of the Republican Party as declared in its national platform of June 1920, and in the speech of acceptance of its candidate for the Presidency. Within eighteen months after the election of 1920 this policy resulted in withdrawing bank loans and discounts by over $5,000,000,000 and in contracting our currency by over $1,500,000,000. This contraction bankrupted hundreds of thousands of farmers and stock growers in America and resulted in widespread industrial depression and unemployment. We demand that the Federal Reserve System be so administered as to give stability to industry, commerce and finance, as was intended, by the Democratic Party, which gave the Federal Reserve System to the nation”.

ISSUE TRACKER for Related Reports
U.S. Dollar and Inflation
Oct. 2008  The Troubled Dollar
Feb. 13, 1998  Deflation Fears
Mar. 13, 1987  Dollar Diplomacy
Oct. 14, 1983  Strong Dollar's Return
Jul. 11, 1980  Coping with Inflation
May 16, 1980  Measuring Inflation
Dec. 07, 1979  Federal Reserve's Inflation Fight
Jun. 09, 1978  Dollar Problems Abroad
Sep. 20, 1974  Inflation and Job Security
Feb. 26, 1969  Money Supply in Inflation
Feb. 14, 1968  Gold Policies and Production
Dec. 15, 1965  Anti-Inflation Policies in America and Britain
Mar. 15, 1965  World Monetary Reform
Dec. 02, 1964  Silver and the Coin Shortage
Oct. 17, 1962  Gold Stock and the Balance of Payments
Dec. 15, 1960  Gold and the Dollar
Oct. 10, 1956  Old-Age Annuities in Time of Inflation
Jan. 17, 1951  Credit Control in Inflation
Aug. 10, 1949  Dollar Shortage
Oct. 04, 1943  Stabilization of Exchanges
Jan. 21, 1941  Safeguards Against Monetary Inflation
Mar. 25, 1940  United States Gold in International Relations
Dec. 14, 1937  Four Years of the Silver Program
Oct. 04, 1934  Inflation in Europe and the United States
Jan. 30, 1934  Dollar Depreciation and Devaluation
Sep. 05, 1933  Stabilization of the Dollar
May 29, 1933  Invalidation of the Gold Clause
Mar. 15, 1933  Inflation of the Currency
Oct. 25, 1924  Bank Rate and Credit Control Federal Reserve Policies and the Defaltion Issue
BROWSE RELATED TOPICS:
Financial Institutions