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The link between gold prices and commodities.
In the 1913-1920 massive stagflation that the US witnessed, the Gold price was artificially tied to the paper. The bullion was not freely shipped overseas, the specie was moved out of the circulation...
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Analysis of the commodities price during the 1860-1880 period.
While Mitchell identifies events which impacted the desire to hoard Gold in connection to war developments, Mitchell links the developments in Gold and Commodities in general. However the development...
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More on Tobacco and money
In a recent blog post I promised I would provide some information about Tobacco prices during the deflationary era post 1866, which has nothing to do with today´s deflationary definition. Today, debt...
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Tobacco: government taxes and monopoly in the early days.
It is often assumed that the heavy taxing of Tobacco is a recent phenomenon. The study of History brings counter intuitive results. It is to be noted that the Government have always being meddling with...
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Tobacco: Importance of Tobacco taxes for the colonies around the American...
The Tobacco was not only important for England in the early days of the American colonies, but also for the colonies taxes as well. As Jacobstein wrote in 1907. “The direct and indirect effect of the...
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War Financing with Tobacco Napoleonic Wars, Civil war and Spanish American...
It is a recurring fact in history that governments heavily use Tobacco as a tax collection mechanism, here we discuss the instances during which it was used to finance wars along with salient data...
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Measuring the wages in cigarettes, the low government taxes of 1905 and need...
In 1905, a pack of 15 cigarettes had a price of 7.5 cents, you can infer that as the mid price between the sweet Caporal for 10 cigarettes produced by the Tobacco Trust and the competing admiral brand...
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What commodities to buy during a war period?
As previously mentioned Gold and commodities seem to be joined at the hip, yet with a great disparity of prices across the board. An interesting question which might be relevant today is to look at...
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How did Gold track commodities during the Greenback period?
How Gold and commodities evolve one against the other in a paper standard. There is fortunately a precedent which is quite instructive, and this precedent is the Greenback era. There are plenty of...
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The sequence of Price increases during the Greenback standard period
As we have seen before Gold, the commodity form of money was the first to spike up and indicate rise in prices. What happens next is to compare the behavior of Food and Non Food commodities during this...
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Polybius today
In previous posts I put data recorded by Polybius (200 BC) about the prices of certain commodities one to the other, I also recorded data from Mitchell during the civil war. Today it seems that we have...
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