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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