S Ubject L Ist N O. 44 of DOCUMENTS DISTRIBUTED to the MEMBERS of the COUNCIL DURING DECEMBER 1924
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Uncertainty and Hyperinflation: European Inflation Dynamics After World War I
FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER June 2018 Working Paper 2018-06 https://www.frbsf.org/economic-research/publications/working-papers/2018/06/ Suggested citation: Lopez, Jose A., Kris James Mitchener. 2018. “Uncertainty and Hyperinflation: European Inflation Dynamics after World War I,” Federal Reserve Bank of San Francisco Working Paper 2018-06. https://doi.org/10.24148/wp2018-06 The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER* May 9, 2018 ABSTRACT. Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and Hungary (GAPH) suffered from frequent uncertainty shocks – and correspondingly high levels of uncertainty – caused by protracted political negotiations over reparations payments, the apportionment of the Austro-Hungarian debt, and border disputes. In contrast, other European countries exhibited lower levels of measured uncertainty between 1919 and 1925, allowing them more capacity with which to implement credible commitments to their fiscal and monetary policies. -
Survey of Current Business October 1924
MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS OCTOBER, 1924 No. 38 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS IMPORTANT NOTICE In addition to figures given from Government sources9 there are also incorporated for completeness of service figures from other sources generally accepted by the trades, the authority and responsibility for which are noted in the "Sources of data9' at the end of this number Subscription price of the SURVEY OF CURRENT BUSINESS is* $1.50 a year; single copies (monthly), 10 cents, quarterly issues, 20 cents. Foreign subscriptions, $2.25; single copies (monthly issues) including postage, 14 cents, quarterly issues, 31 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the Survey, $5.50 a year. Make remittances only to Superintendent of Documents, Washington, D. C, by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted. ^v - WASHINQTON : GOVERNMENT PRINTING OFFICE : 1994 INTRODUCTION The SURVEY OF CURRENT BUSINESS is designed to period has been chosen. In a few cases other base present each month a picture of the business situation periods are used for special reasons. In all cases the by setting forth the principal facts regarding the vari- base period is clearly indicated. ous lines of trade and industry. At quarterly intervals The relative numbers are computed by allowing the detailed tables are published giving, for each item, monthly average for the base year or period to equal monthly figures for the past two years and yearly com- 100. -
Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945
Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945. T939. 311 rolls. (~A complete list of rolls has been added.) Roll Volumes Dates 1 1-3 January-June, 1910 2 4-5 July-October, 1910 3 6-7 November, 1910-February, 1911 4 8-9 March-June, 1911 5 10-11 July-October, 1911 6 12-13 November, 1911-February, 1912 7 14-15 March-June, 1912 8 16-17 July-October, 1912 9 18-19 November, 1912-February, 1913 10 20-21 March-June, 1913 11 22-23 July-October, 1913 12 24-25 November, 1913-February, 1914 13 26 March-April, 1914 14 27 May-June, 1914 15 28-29 July-October, 1914 16 30-31 November, 1914-February, 1915 17 32 March-April, 1915 18 33 May-June, 1915 19 34-35 July-October, 1915 20 36-37 November, 1915-February, 1916 21 38-39 March-June, 1916 22 40-41 July-October, 1916 23 42-43 November, 1916-February, 1917 24 44 March-April, 1917 25 45 May-June, 1917 26 46 July-August, 1917 27 47 September-October, 1917 28 48 November-December, 1917 29 49-50 Jan. 1-Mar. 15, 1918 30 51-53 Mar. 16-Apr. 30, 1918 31 56-59 June 1-Aug. 15, 1918 32 60-64 Aug. 16-0ct. 31, 1918 33 65-69 Nov. 1', 1918-Jan. 15, 1919 34 70-73 Jan. 16-Mar. 31, 1919 35 74-77 April-May, 1919 36 78-79 June-July, 1919 37 80-81 August-September, 1919 38 82-83 October-November, 1919 39 84-85 December, 1919-January, 1920 40 86-87 February-March, 1920 41 88-89 April-May, 1920 42 90 June, 1920 43 91 July, 1920 44 92 August, 1920 45 93 September, 1920 46 94 October, 1920 47 95-96 November, 1920 48 97-98 December, 1920 49 99-100 Jan. -
The Foreign Service Journal, May 1924 (American Consular Bulletin)
Photo by Monje THE HARBOR AND TOWN OF VIGO, SPAIN MAY, 1924 ^II11111111111111111111111 n 1111111111111111111111n111111111111111111ii111H1111iii■i■i■1111111■111n11111n n i!n 1111111111111111! 1111111111 n I i 111111 11111111 ■ Washington’s Department Store or Finance Modern Banking demands prompt and efficient methods for the transaction of daily matters Banking by Mail Foreign Exchange Letters of Credit Travelers Checks Commercial Accounts Savings Accounts Trust Department and a friendly interest in each depositor has made our Bank a leader among Washington’s Financial Institutions We shall be glad to render any possible aid and assure you of a friendly interest Federal-American National Bank WASHINGTON, D. C. RESOURCES, $14,000,000.00 W. T. GALLIHER, Chairman of the Board JOHN POOLE, President Illllllllillllllillllmiiiilllllllllllliiiiiiiiiiiiiiiiiiiniimiimiiiiiiimiiiiiimiiniiiimiiiiiiiillll imiiiiiillilliiiiiiiimiiiiiiiiiiiiiillllllllllliiiimiiiillllliiiiiiiimiiiilliiiiiiiNI ~ Press of Ransdell Incorporated Washington, D. C. 1* CONSUL; LLETIN PUBLISHED MONTHLY BY THE AMERICAN CONSULAR ASSOCIATION VOL. VI. No. 5 WASHINGTON, D. C. MAY, I 924 A Contrast in Light and Shade By FRANK P. S. GLASSEY, Helsingfors ASNOW-covered city, muffled by a white may be thawed out before a cheery wood fire in cloak and shivering under a lowering a beneficent Finnish tile stove. gray sky—such is Helsingfors on almost Even the broad esplanade is almost empty, any January day. and the only sounds to echo through the sharp A city of darkness and brooding twilight, air are the bright tinkle of the bells on a where the sun rises hesitatingly at 9 o’clock and droshky as it glides smoothly and rapidly over the then follows a quick course, always near the snow, or the deep guttural warning affected by horizon, until it sinks rapidly again in mid-after¬ the driver as his horse makes a sharp turn at noon, as if eager to be on its way to a more some corner. -
'Olony and Protectorate of Kenya
THE OFFICIAL GAZETTE OF THE ‘OLONY AND PROTECTORATE OF KENYA. Published under the Authority of His Excellency the Governor of the Colony and Protectorate of Kenya. (Vol. XXVI.—No. 952| NATROBI, June 1], 1924.. [Price 50 Cents| Registered as a Newspaper at the G. P. 0. | Published every Wednesday. TABLE OF CONTENT S. PAGE. (to vt, ” Notice No. 203—Arrivals, Departures and Appointments, etc. a 534 x 2 ” 204—A Bill Intituled An Ordinance to Amend the Divorce Ordinance, 1908 hae 539 Proclamation No, 100—The Customs Ordinance, 1910,Proclamation. 536 Govt. Notice No. 205— ,, » Do » ules 536 536 33 a7 33 206—The Liquor (Amendment) Ordinance, 1923,— Plateau Licensing Area 33 33 a2 207—Confirmation of Ordinances—XXIT and XXXVI of 1923 537 Proclamation No. 101—-The Diseases of Animals Ordinance, 1906 5387 102—The Diseases of Animals Ordinance, 1906 ” 33 3 537 103——-The Diseases of Ai imals Ordinance, 1906 3) 33 ” 537 ” ” 23 104—The Diseases of Animals Ordinance, 1906 538 Govt. Notice No. 208—The Liquor (Amendment) Ordinance, 19238Appointment of Members of Plateau Licensing Court . 538 33 a3 33 209-——The Commission of Inquiry Ordinance, 1912Appointment 538 oy 9 210—The Municipal Corporations Ordinance, 1922-—-Appointment 538 a 3} 3? 211—The Liquor (Amendment) Ordinance, 1923 539 539 af a) a) 212—-Executive Council_—Appoimtment 539 at a? 32 213—The Native Registration Ordinance, 1921—Appointment... 214— ” ” » 1921—Appoimtment 539 3} oe] 7 M2 ” 215—The Native Authority Ordinance, 1912,—Appointment 539 Gen. Notices Nos. 450-462—Miscellaneous Notices .. 009-042 534 THE OFFICIAL GAZETTE June 11, 1924, GOVERNMENT Notice No. -
Free City of Danzig
f m'"»1-*!, Of [Distributed to the Council C. 580. M . 197. 1924. I. 0d the Members of the League.] (Extract from Official Journal, November 1924.) LEAGUE OF NATIONS Geneva, October 10th, 1924. FREE CITY OF DANZIG GENERAL REPORT BY THE SECRETARY-GENERAL FOR THE PERIO D APRIL-OCTOBER 19241. In forwarding this report, which is intended to serve as a reference document, to the Council and Members of the League, the Secretary-General has the honour to draw attention o the general review of Danzig and Polish-Danzig questions for the year September 1923- iugust 1924, which is contained in the report and the supplementary report to the Fifth Assembly on the work of the Council2. I. Questions before the Council a t its 29th (June 1924) a n d 3 0 th (A u g u s t - S e p t e m b e r -O c t o b e r 1924) S e s s i o n s . In view of agreements or provisional agreements reached, as explained by the Rappor- itur at the opening of the Council session in June 1924, it was not necessary for the Council io deal during that session with one single Danzig question, although eight had originally en included on the agenda. The two questions mentioned below came before the Council at its following session 1. Quinones de Leôn, representative of Spain, acted as Rapporteur. His reports and the {solutions adopted by the Council on each question will be found in the Official Journal as nnexes to the Minutes. -
The Foreign Service Journal, September 1924
AMERICAN Photo submitted by W. W. Schott THE TWELFTH CENTURY CATHEDRAL AT PALERMO Vol. VI SEPTEMBER. 1924 No. 9 FEDERAL-AMERICAN NATIONAL BANK NOW IN COURSE OF CONSTRUCTION IN WASHINGTON, D. C. W. T. GALLIHER, Chairman of the Board JOHN POOLE, President RESOURCES OVER $13,000,000.00 LLETIN JSlUn.; PUBLISHED MONTHLY BY THE AMERICAN CONSULAR ASSOCIATION VOL. VI. No. 9 WASHINGTON, D. C. SEPTEMBER, 1924 Speech By Mr. Grew THE day on which I took my first bath before I can assure you that the new Association will a Diplomatic or Consular officer and pro¬ receive the very warm and hearty support of the ceeded to my post (with apologies to the members of the diplomatic branch of the Service. last number of the BULLETIN) I experienced two I have always taken particular satisfaction in distinct feelings; one of pleasure and satisfaction the fact that my first post was a consular one and at entering this great service of ours and the other that I spent two years gaining familiarity with the of something bordering on consternation at the work of that branch of the Service. I shall never prospect of the ordeal of the bath. I find my¬ forget the youthful pride with which I first saw self today experiencing much the same feelings—- a report of mine on Egyptian cotton published in great pleasure and satisfaction in the enjoyment the Trade Bulletins: true, several nights of work of your very kind and courteous hospitality, which and many pages were boiled down to five or six I highly appreciate and for which I warmly thank lines of print, but I felt then that I had become you, and the other feeling of trepidation at the at least a modest member of the great army of prospect of trying to justify my presence here by experts who keep our country informed of com¬ telling you something of interest. -
Federal Reserve Bulletin October 1924
FEDERAL RESERVE BULLETIN OCTOBER, 1924 ISSUED BY THE FEDERAL RESERVE BOARD AT WASHINGTON Crop Production and Prices in 1924 Business Conditions in the United States World Wheat Crop and International Trade WASHINGTON GOVERNMENT PRINTING OFFICE 1924 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BOARD Ex officio members: D. R. CRISSINGKR, Governor. A. W. MELLON, EDMUND PLATT, Vice Governor. Secretary of the Treasury, Chairman. ,ADOLPH C. MILLER. CHARLES S. HAMLIN. HENRY M. DAWES, GEORGE R. JAMES. Comptroller of the Currency. EDWARD H. CUNNINGHAM. WALTER L. EDDY, Secretary. WALTER WYATT, General Counsel. J. C. NOELL, Assistant Secretary. WALTER W. STEWART, W. M. IMLAY, Fiscal Agent. Director, Division of Research and Statistics. J. F. HERSON, Chief, Division of Examination, and Chief Federal E. A. GOLDENWEISER, Statistician. Reserve Examiner. 1 E. L. SMEAD, Chief, Division of Bank Operations., FEDERAL ADVISORY COUNCIL District No. 1 (BOSTON) CHAS. A. MORSS. District No. 2 (NEW YORK) . PAUL M. WARBURG, President. District No. 3 (PHILADELPHIA) L. L. RUE. District No. 4 (CLEVELAND) C. E. SULLIVAN. District NO. 5 (RICHMOND) JOHN M. MILLER, Jr. District No. 6 (ATLANTA) OSCAR WELLS. District NO. 7 (CHICAGO) .' JOHN J. MITCHELL. District NO. 8 (ST. LOUIS) FESTUS J. WADE. District NO. 9 (MINNEAPOLIS) G. H. PRINCE. District No. 10 (KANSAS CITY) E. F. SWINNEY, Vice President. DistrictNo.il (DALLAS) -- --- W. M. MCGREGOR. District No. 12 (SAN FRANCISCO) D. W. TWOHY. II Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis OFFICERS OF FEDERAL RESERVE BANKS Federal Reserve Bank of— Chairman Governor Deputy governor Cashier Boston Frederic H. -
Official Gazette Colony and Protectorate of Kenya
THE OFFICIAL GAZETTE OF THE COLONY AND PROTECTORATE OF KENYA. Published under the Authority of His Excellency the Governor of the Colony and Protectorate of Kenya. [Vol. XXVL—No. 922] NATROBI, January 2, 1924. [Prices 50 Cenrs] Registered as a Newspaper ai the G. P. 0. Published every Wednesday. TABLE OF CONTENTS. PAGE Govt. Notice No, 1—Appointments ves vee ves .. wes vee 2 » 0 ’ 2—A. Bill intituled an Ordinance to Amend the Legislative Conncil Ordinance, 1919 ce Le . Lee . BA4 ” ” ” 3—A Bill intituled an Ordinance to Amend the Native Liquor Ordinance, 1921 wee vee a Lee vee 4 Proclamation No, 1—The Kenya and Uganda (Currency) Order, 1921... vee bee 4 Proclamation No. : 2—The Diseases of Animals Ordinance, 1906 . 5 Govt. Notice No. 4——-Public Health Ordinance, 1921—Notiee ... a vee wes 5 »»» 5-6—The Native Authority Ordinance, 1912—Appointments of Oficial Headmen bee Lee Le ves vee vee 3 Gen. Notices Nos. 1-11—Miscellaneeus Notices ... ve Lee i _ we 5H 2 THE OFFICIAL GAZETTE January 2, 1924. Government Notice No. 1. APPOINTMENTS. W. McHarpy, 0.B.E., M.A., to be Superintendent (Admin- 5. 18816 /930. istrative), Uganda Railway, with effect from Ist January, Guorce Eenest Scarrercoop, to be Accountant, Medical 1924. Department, with effect from the 24th July, 1923. _ A. G. Hicerns, to be Secretary to the Railway Council and CG. M. Bunsury, to be Senior District Engineer, Uganda Private Secretary to the General Manager, Uganda Rail- Railway, with effect from Ist January, 1924. way, with effect from Ist January, 1924. -
Official Gazette Colony and Protectorate of Kenya
THE OFFICIAL GAZETTE OF THE COLONY AND PROTECTORATE OF KENYA. Published under the Authority of His Excellency the Governor of the Colony and Protecterate of Kenya. [Vol. XXVI.—No. 961]. NATROBI, August 13, 1924, [Price 50 Cuyrs] Registered as a Newspaper at the G. P. 0. Published every Wednesday. TABLE OF CONTENTS. PAGE. Govt. Notice No. 270—Arrivals, Departures and Appointments; ete. Lee wes wee 706 ” ” » 2¢1—Crown Lands Ordinance, 1915—Appointments bee ve bee 706 » » » 272A Bill Intituled An Ordinance to Supply a further Sum of Money forfe the Service of the Year ended 3lst December, 1923... 707 » » » 273-—The Hast African Railway Ordinance, 1910—General Rules wea 708 Gen. Notices Nos. 594-618—~Miscellaneous Notices wee tee aes see ...710-716 706 THE OFFICIAL GAZETTE August 13, 1924, GovEeRNMENT Notice No. 270. ARRIVALS. Nam Rank From leave or Date of leaving Date of Date of arriva: ° , . 8. Africa. Embarkation. at Kilindini. Appointment. J. A. Burney Permanent Way Inspector ist appt. 22nd July, 1924 22nd July, 1924 30th July, 1924 | MAGISTERIAL WARRANT. SWAHILI EXAMINATION. 8. 19381. Lower Sranparp SwaHiti.—Pass. IN EXERCISE of the powers vested in me, I hereby A. CarRILine, Sorting Office, G.P.O., Nairobi. confer upon Kennett Leggatt Hunter the powers of a T. M. W. Suzpparp, Agricultural Supervisor. Second Class Magistrate within the Trans-Nzoia District, with retrospective effect from 23rd July. E. J. Harrison, European Police Constable. Dr. C. H. Brennan, Medical Officer. Nairobi, O. Gipert, Acting Director of Land Surveys. 60th July, 1924. G. Fannry, District Surveyor. : R. T. CORYNDON, . J. -
The Foreign Service Journal, December 1924
tHti AMERICAN FOREIGN SERVICE JOURNAL (Contributed by the Under Secretary of State, Hon. J. C. Grew) ON THE SCHEIDEGG, SWITZERLAND, 1924 Vol. I DECEMBER, 1924 No. 3 FEDERAL-AMERICAN NATIONAL BANK NOW IN COURSE OF CONSTRUCTION IN WASHINGTON, D. C. W. T. GALLIHER, Chairman of the Board JOHN POOLE, President RESOURCES OVER $13,000,000.00 FOREIGN S JOURNAL PUBLISHED MONTHLY BY THE AMERICAN POREIGN SERVICE ASSOCIATION VOL. I. No. 3 WASHINGTON, D. C. DECEMBER, 1924 The Presidential Election By GERHARD GADE 1916 1920 1924 N November 4 the people of the United State Rep. Dem. Rep. Dem. Rep. Dem. States elected Calvin Coolidge President Maryland 8 8 8 by a popular vote estimated at about Massachusetts . .. .. 18 18 18 18.000,000—2,000,000 more votes than President Michigan .. 15 15 15 Harding received in 1920, although the latter Minnesota .. 12 12 12 Mississippi 10 16 10 polled 22 more electoral votes than his successor. Missouri 18 18 is The popular vote in the last three elections was Montana 4 4 4 as follows: Nebraska 8 8 8 Nevada 3 3 3 1916 Woodrow Wilson 9,129,606 New Hampshire .. 4 4 4 Charles E. Hughes 8,538,221 New Jersey .. ii 14 14 1920 Warren G. Harding 16,152,200 New Mexico 3 3 3 James M. Cox 9,147,353 New York .. 45 45 45 1924 Calvin Coolidge 18,000,000* North Carolina . 12 ii ii John W. Davis 9,000,000* North Dakota .... S 5 5 Robert M. La Follette 4,000,000* Ohio 24 24 24 Oklahoma 10 10 10 * Estimated. -
Download 1920-1929
1920-1929 Last Name First Name Middle Obituary Date Page Abell Clark D. November 25, 1921 1 Adams George M. March 15, 1929 1 Allan, Rev. G. Edward October 1, 1920 1 Anastos Hicholas November 23, 1928 1 Appleton Francis R. January 4, 1929 1 Appleton Francis R. January 11, 1929 1 Appleton Susan C. (Cowles) January 19, 1923 1 Appleton Susan C. (Cowles) March 2, 1923 1 Appleton, Major Charles Lanier December 16, 1921 1 Atherley, Mrs. Christopher March 31, 1922 1 Atkinson Wesley B. April 20, 1923 1 Atwood Lydia A. (Connors) February 11, 1921 5 Austin Joseph Franklin September 3, 1920 1 Babineau Daniel March 2, 1928 1 Bailey Elizabeth A. June 8, 1923 4 Bailey, Mrs. Phillip (Scorron) May 6, 1927 1 Baker Elizabeth (Moore) March 17, 1922 1 Baker Ellen H. (Fowler) December 14, 1923 1 Baker Sarah L. June 2, 1922 4 Baker Susan March 11, 1927 7 Bamford Donald Lawrence January 18, 1929 1 Bamford Grace G. July 25, 1924 5 Barker George T. April 4, 1924 4 Barton Mary E. (McCarthy) March 23, 1928 1 Barton Mary E. (McCarthy) March 30, 1928 1 Baylor Armstead K. August 2, 1929 1 Benedix Pauline (Linzer) July 15, 1921 1 Blaisdell Amanda Jewett March 30, 1928 1 Bolles Annie M. (Lord) February 10, 1922 8 Bolles Esther (Whitman) June 2, 1922 1 Bournazos Staverous May 11, 1927 1 Boynton A. Bennett March 23, 1923 5 Boynton Warren November 17, 1922 4 Brewer Sarah September 21, 1928 1 Brockelbank George H. August 16, 1929 1 Brooks Conrad H.