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Form F.R. 468 April 4, 1945 Mr. Morrill From MESSAGE: These are 7 additional charts which I just received from the Treasury. I am getting a large number of copies tomorrow or the next day and will send than to our regular mailing list* The Treasury also says that they are putting out all the charts in a booklet with explanations and we will receive 100 or 200 copies of that booklet when it comes out. Depreciation of the Currencies of Seven Selected Countries As Percentages of 1914 Gold Values PCT. 100 80 60 40 20 1914 '20 '35 40 M-104 World Trade and Exchange Depreciation Index of Depreciation of 5* Selected Currencies against the U.S. Dollar. 1926 = 100 PCT. (Exch. Depr.) $ Billions (World Trade) Exchange Depreciation World Trade 80 70 1921 '23 '25 '27 '29 '31 '33 '35 '37 '39 60 *U.K.% France, Canada, Argentina and Japan M-102 U. 8. Exports and Exchange Depreciation Index of Depreciation of 5* Selected Currencies against the U.S. Dollar, 1926 = 100 PCT. (Exch. Depr.) $ Billions (US. Exports) Exchange Depreciation 5 US. Exports 1921 '23 '25 '27 '29 '31 '33 '35 '37 '39 .i France, Canada, Argentina and Japan M-103 U.S. National Income and Exports 1921 to 1938 $ Billions (U.S.Exp.) $ Billions (Nat Income) / National Income w 1921 '23 '25 '27 '29 '31 '33 '35 '37 '39 *S. Kuznets1 estimates 1919-29, Dept. of Comm., 1930-38. C-610 US. Production and Export of Wheat Cotton, Tobacco and Lard Annual Average 1925-28 and 1931-34 (MILLIONS OF DOLLARS) •WHEAT fl(Wr *\/MB Production^ M-IOO US. Farm Prices and Exchange Depreciation Index of Depreciation of 5* Selected Currencies against the U. S. Dollar Exchange Depreciation Farm Prices 60 1921 '23 25 '27 '29 '31 '33 '35 '37 '39 40 *U.K, France, Canada, Argentina and Japan M-105 UNITED STATES TRADE BY COUNTRIES, 1937 MILLIONS OF DOLLARS Canada. U. K 202 / • / • / / • / • J France__ Germany. ^26 US. Exports US. Imports F0-20I