INFLATIONARY PRESSURE No.5

ACTUAL CURRENCY OUTSTANDING * WORLD WAR I

* Some is in banks, some in our pockets and some

in mattresses

INFLATIONARY PRESSURE No. 6

Checking Accounts in banks

WORLD WAR I

June 30,1914

$10,082,000,000

June 30,1918

$14,843,000,000

WORLD WAR II

June 30,1939

$27,355,000,000

June 30,1943

$56,059,000,000

About $1,600,000,000 of this sum is covered by currency, held by banks, and is included in currency outstanding. See previous page.

Having compared the pressures which tend to send prices soaring it will be interesting to compare what actually happened to prices of goods entering largely into the costs of war. The facts are shown on the following page.

* Agricultural Products-No price control until prices reach parity