The retail food dollar, according to reports from the census bureau, has gained 18 cents in value while the wholesale food dollar has gained 24 cents.
Thus it is evidenced that the purchasing power of the dollar is at least being partially restored. It is nowhere near its full value yet as compared with 1914, but it is a matter of doubt whether it will ever be able to command as much as it did before the war.
The increment in value which has already come to the dollar is a sign of restoration. We have no reason to expect that the adjustment which is under way will be consummated in the court of mere months. It may take two or three years yet to get everybody and everything on a balanced basis, but such a time must come, a time when conditions will be even and equitable for all.
From the Charlotte News, May 1, 1921
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