Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago, from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Anna Jacobson Schwartz (1915–2012) was a research associate at the National Bureau of Economic Research, which she joined in 1941. She is a Distinguished Fellow of the American Economic Association and a Fellow of the American Academy of Arts and Sciences. During her distinguished career, she has made major contributions to the economics of business cycles, banking, monetary policy, and financial regulation.

"A monumental scholarly accomplishment... [sets] a new standard for the writing of monetary history."--The Economic Journal

• *Frontmatter, pg. i*Contents, pg. vii*Tables, pg. xiii*Charts, pg. xv*Preface, pg. xxi*CHAPTER 1. Introduction, pg. 1*CHAPTER 2. The Greenback Period, pg. 15*CHAPTER 3. Silver Politics and the Secular Decline in Prices, 1879-97, pg. 89*CHAPTER 4. Gold Inflation and Banking Reform, 1897-1914, pg. 135*CHAPTER 5. Early Years of the Federal Reserve System, 1914-21, pg. 189*CHAPTER 6. The High Tide of the Reserve System, 1921-29, pg. 240*CHAPTER 7. The Great Contraction, 1929-33, pg. 299*CHAPTER 8. New Deal Changes in the Banking Structure and Monetary Standard, pg. 420*CHAPTER 9. Cyclical Changes, 1933-41, pg. 493*CHAPTER 10. World War II Inflation, September 1939-August 1948, pg. 546*CHAPTER 11. Revival of Monetary Policy, 1948-60, pg. 592*CHAPTER 12. The Postwar Rise in Velocity, pg. 639*CHAPTER 13. A Summing Up, pg. 676*APPENDIX A. Basic Tables, pg. 703*APPENDIX B. Proximate Determinants of the Nominal Stock of Money, pg. 776*Director's Comment, pg. 809*Author Index, pg. 815*Subject Index, pg. 819

Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago, from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Anna Jacobson Schwartz (1915–2012) was a research associate at the National Bureau of Economic Research, which she joined in 1941. She is a Distinguished Fellow of the American Economic Association and a Fellow of the American Academy of Arts and Sciences. During her distinguished career, she has made major contributions to the economics of business cycles, banking, monetary policy, and financial regulation.

"A monumental scholarly accomplishment... [sets] a new standard for the writing of monetary history."--The Economic Journal

• *Frontmatter, pg. i*Contents, pg. vii*Tables, pg. xiii*Charts, pg. xv*Preface, pg. xxi*CHAPTER 1. Introduction, pg. 1*CHAPTER 2. The Greenback Period, pg. 15*CHAPTER 3. Silver Politics and the Secular Decline in Prices, 1879-97, pg. 89*CHAPTER 4. Gold Inflation and Banking Reform, 1897-1914, pg. 135*CHAPTER 5. Early Years of the Federal Reserve System, 1914-21, pg. 189*CHAPTER 6. The High Tide of the Reserve System, 1921-29, pg. 240*CHAPTER 7. The Great Contraction, 1929-33, pg. 299*CHAPTER 8. New Deal Changes in the Banking Structure and Monetary Standard, pg. 420*CHAPTER 9. Cyclical Changes, 1933-41, pg. 493*CHAPTER 10. World War II Inflation, September 1939-August 1948, pg. 546*CHAPTER 11. Revival of Monetary Policy, 1948-60, pg. 592*CHAPTER 12. The Postwar Rise in Velocity, pg. 639*CHAPTER 13. A Summing Up, pg. 676*APPENDIX A. Basic Tables, pg. 703*APPENDIX B. Proximate Determinants of the Nominal Stock of Money, pg. 776*Director's Comment, pg. 809*Author Index, pg. 815*Subject Index, pg. 819

Milton Friedman (1912-2006) was awarded the Nobel Prize in Economics in 1976. He was a Senior Research Fellow at the Hoover Institution and had previously taught at the University of Chicago, from 1946 to 1976. He was also a member of the research staff of the National Bureau of Economic Research from 1937 to 1981. Anna Jacobson Schwartz (1915–2012) was a research associate at the National Bureau of Economic Research, which she joined in 1941. She is a Distinguished Fellow of the American Economic Association and a Fellow of the American Academy of Arts and Sciences. During her distinguished career, she has made major contributions to the economics of business cycles, banking, monetary policy, and financial regulation.

"A monumental scholarly accomplishment... [sets] a new standard for the writing of monetary history."--The Economic Journal

• *Frontmatter, pg. i*Contents, pg. vii*Tables, pg. xiii*Charts, pg. xv*Preface, pg. xxi*CHAPTER 1. Introduction, pg. 1*CHAPTER 2. The Greenback Period, pg. 15*CHAPTER 3. Silver Politics and the Secular Decline in Prices, 1879-97, pg. 89*CHAPTER 4. Gold Inflation and Banking Reform, 1897-1914, pg. 135*CHAPTER 5. Early Years of the Federal Reserve System, 1914-21, pg. 189*CHAPTER 6. The High Tide of the Reserve System, 1921-29, pg. 240*CHAPTER 7. The Great Contraction, 1929-33, pg. 299*CHAPTER 8. New Deal Changes in the Banking Structure and Monetary Standard, pg. 420*CHAPTER 9. Cyclical Changes, 1933-41, pg. 493*CHAPTER 10. World War II Inflation, September 1939-August 1948, pg. 546*CHAPTER 11. Revival of Monetary Policy, 1948-60, pg. 592*CHAPTER 12. The Postwar Rise in Velocity, pg. 639*CHAPTER 13. A Summing Up, pg. 676*APPENDIX A. Basic Tables, pg. 703*APPENDIX B. Proximate Determinants of the Nominal Stock of Money, pg. 776*Director's Comment, pg. 809*Author Index, pg. 815*Subject Index, pg. 819