OCR Text |
Show Related Problems The silver problem has become inextricably involved with most of the other economic and social problems now troubling the world. It is an amazing situation Millions Mil-lions of people, in many countries, coun-tries, have seen their buying power pow-er drop to a fraction of its former form-er level, purely because of the decline in the value of silver, caused by the general shift of nations to the gold standard. Now it has been found that the commerce com-merce of the world cannot be carried on with gold alone. There is not enough of it, and furthermore, further-more, the great bulk of the existing ex-isting supply is controlled by two countries, the United States and France. It is encouraging that many economists, in all countries, are ww working for a solution. Various Var-ious conferences have been held and others are planned. The public pub-lic itself is gradually learning , that depressed silver is an enemy , of employment, trade and industrial indus-trial activity. |