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1. SILVER AND THE BUSINESS DEPRESSION.

Author

Leavens, Dickson H.

Subjects
SILVER, GREAT Depression, 1929-1939, PRICE level changes, SUPPLY-side economics, HOARDING of money, WORLD War I, PURCHASING power, QUANTITY theory of money, BUSINESS conditions, INTERNATIONAL economic relations, BUSINESS cycles, ECONOMICS
Abstract

The article discusses some of the factors which influence the price of silver during the world-wide economic depression of 1929-1931. The reduction of the price of silver compared to its pre-World War I price is discussed, as well as the world-wide consumption of silver. Fluctuations in the quality and supply of silver affecting price are discussed. The effects of hoarding in India, price depreciation in Mexico and South America, and foreign trade in China on the price of silver and purchasing power are also examined.

Published
1931

2. INDIA AND CHINA: CONTRASTS IN DEVELOPMENT PERFORMANCE.

Author

Malenraum, Wilfred

Subjects
ECONOMIC development, DEVELOPING countries, PUBLIC investments, ECONOMIC structure, ECONOMICS, STRUCTURAL unemployment
Abstract

The article discusses problems of economic growth in the poorer nations that became a major foreign policy concern of the wealthy and powerful nations of the world. The relative progress in the development of the two countries, India and China, is of great significance. There were strong parallels in their preplan structure and strong contrasts between China's totalitarian and India's democratic programs. Their performance relative to one another may influence the programs adopted by other, now less advanced, countries. It will certainly bear upon the United States and Soviet foreign policies. Furthermore, the record of the course of development in these two lands provides a unique opportunity for examining the process of development as such. Structural unemployment, underutilized resources, overurbanization, nonmonetized savings and investment flows-these are illustrative of the types of problems that must be understood and treated if there are to be steady output gains in most of today's underdeveloped areas.

Published
1959