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Show i The Gold Standard France and the United States are. the only two great nations on the gold standard at the present time. Whether or not they will continue this policy will probably be decided during the present year. Our financial writer, Julius G. Berens, mentions as one of the probabilities of 1932 the increasing consideration of the advisability of maintaining the gold standard in the United States. The last issue of the World's Work begins a short speculation of what the abandonment of the gold standard would mean with this sentence: "Wagers being laid at the" time of writing offer odds of six to five that the United States will be off the gold stands ard within sixty days." Very few people have a definite idea of what would follow, except a considerable con-siderable amount of inflation. The above named magazine points out that England was forced forc-ed off the gold standard by the run on the bank of England and a continuing unfavorable trade balance. The editor points out that the first of these causes lias already been felt in this country without our abandoning the gold standard, but the second may yet cause concern. Our foreign trade is "rapidly disappearing," says World's Work "and if we insist on adhering to the yellow standard we shall have to readjust our entire tariff structure struc-ture and confine ourselves to domestic do-mestic trade. Some sacrafices may be even too great for gold." |