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TIGHTEN STRINGS [1 record]

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Record 1 1998-01-24

English

Subject field(s)
  • Translation (General)
  • National and International Economics
CONT

Wholesale prices fell 8% from 1925 to 1929. Gov. Benjamin Strong and the open market committee mistakenly tightened the monetary purse strings in response to what they believed was an asset "bubble" caused by too much money.

French

Domaine(s)
  • Traduction (Généralités)
  • Économie nationale et internationale
CONT

De 1925 à 1929, les prix de gros ont diminué de 8 %. Le gouverneur de la Réserve fédérale, Benjamin Strong, et le Comité de l'open market ont commis l'erreur de resserrer les rênes monétaires en réaction à ce qu'ils pensaient être une «bulle» spéculative engendrée par un excès de liquidités dans l'économie.

Spanish

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