August 24, 2010

Germany, 1870 -1897: Deflation in Metal Prices


1870: 1 Troy Oz. Platinum (mkt?) = ℳ 15.55 ; Thlr. 7.95 (9.34 руб)
 

In the last quarter of the 19th Century, Commodity Deflation was not confined to the USA, and metal prices had declined sharply in Germany also.

Citation: Science, Vol. 15,  By American Association for the Advancement of Science (1902) p.140. 

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