. Klondike : the Chicago record's book for gold seekers. erecame a decline instead of a rise, while in others the de-cline became greater still. In 1873, when Mr. De Foville published the resultsof his investigations concerning prices, the movement,which in 1850 was faintly outlined, became very markedand well defined. That writer showed that the prices of1873 presented, as compared with those of half a centurybefore, a rise of 90 per cent for foods of animal origin,of 30 per cent for vegetable foods, and 45 per cent fordomestic liquors. He showed, on the other hand, a de-cline of prices of 35
. Klondike : the Chicago record's book for gold seekers. erecame a decline instead of a rise, while in others the de-cline became greater still. In 1873, when Mr. De Foville published the resultsof his investigations concerning prices, the movement,which in 1850 was faintly outlined, became very markedand well defined. That writer showed that the prices of1873 presented, as compared with those of half a centurybefore, a rise of 90 per cent for foods of animal origin,of 30 per cent for vegetable foods, and 45 per cent fordomestic liquors. He showed, on the other hand, a de-cline of prices of 35 per cent for mineral products, of 50per cent for textiles and 45 per cent for chemical products,glassware and paper. By a combination of rises and declines of prices, ac-cording to the method which he called that of budgetaverages, Mr. De Foville came to the conclusion thatthere had been an increase of 33 per cent in the prices ofcommodities, corresponding to a decrease of 25 per centin the purchasing power of money from the period 1820-25 to BOOK FOR GOLD-SEEKERS. 351 It will be remarked that in this period of fifty yearsthe quantity of gold produced almost trebled as comparedwith the T,;^2 years between 1493 and 1825. The quanti-ties produced amounted in 1825 to 3,926,510 kilograms,or $2,609,558,000, and in 1875 to 9,523,696 kilograms, or$6,329,448,000. Yet the decline of gold was only 25 percent. It must be remarked, however, that this deprecia-tion of 25 per cent was due to a combination of causes ofvarious kinds, and was not due entirely to the abundanceof gold. Between 1825 and 1875 ^^ economic revolutionwas accomplished in the world greater than most politi-cal revolutions. To describe the revolution just referredto would be to write the industrial, commercial, financialand monetary history of those fifty years. Judging from the efrect of the gold discoveries inCalifornia and Australia in gradually raising generalprices from 1850 to 1873 o^ thereabouts, it wou
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