ABSTRACT

Somewhat more than half the volume is devoted to the presentation of statistical data relating to business cycles between 1890 and 1910, in the United States, England, France, and Germany. An imposing mass of statistical material on the prices of commodities, labor, securities, and loans, on the volume of trade, and on banking operations in these countries is brought together and made available for comparison by means of index numbers. No sources of information on these subjects have been overlooked, so far as I am aware, with the exception of the five abstracts of the condition of the national banks published in pamphlet form by the Comptroller of the Currency. Professor Mitchell has used only the single abstract for each year which appears in the annual reports of that official.