People's Pilot, Volume 4, Number 24, Rensselaer, Jasper County, 30 November 1894 — The Cause of It. [ARTICLE]

The Cause of It.

Prior to the demonetization of silver in 1873 gold and silver was the standard money. Since then it has been gold. The supply has been cut in two. causing a falling price in silver and a corresponding appreciation of gold. Hence, lower prices for wheat, lowci prices for labor and bard times generally.