Inflation in Europe and the United States

October 4, 1934

Report Outline
Inflation in Russia, Germany, and Austria
Depreciation and Devaluation of the Franc
Progress of Inflation in the United States
Special Focus

Under The Thomas Inflation Amendment, as modified by the Gold Reserve Art of 1934, the President, retains authority, among other things, (1) to reduce the present gold value of the dollar by a maximum of 16.1 per rent, (2) to negotiate for purchase by the Federal Reserve banks of $3,000,000,000 of federal securities, and, in ease of failure of such negotiations, 13) to issue $3,000,000,000 of greenbacks under the law of 1862 for retirement of maturing government obligations.

Reassurance as to the future use of the President's monetary powers and the spending program of the administration was sought by the United States Chamber of Commerce, September 24, in a series of questions addressed to the Chief Executive. The first three of the Chamber's questions read:

When and how is it proposed to balance the federal budget?

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:
Currency
Inflation
Regional Political Affairs: Europe