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Table of Contents

Chapter I. Influence Of The Progress Of Industry And Population On Values And Prices.

to 1879, were not quite so low as in 1845-1850, as is seen by the following table taken from the London “Economist”—2,200 indicating the price of a given number of articles in 1845-1850, as the basis of the table with which the prices of other years are compared:

Year.Index numbers.
1845-18502,200
1857, July 12,996
1858, January 12,612
18653,575
18663,564
18673,024
18682,682
18692,666
18702,689
18712,590
18722,835
18732,947
1874 (Depression)2,891
1875 (Depression)2,778
1876 (Depression)2,711
1877 (Depression)2,723
1878 (Depression)2,529
1879 (Depression)2,202
18802,538
18812,376
18822,435
18832,343

But the progress of society, particularly in

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