28 



Minnie Throop England 



Table XVIII 

 Minimum Point in Prices After a Crisis 



Table XIX 

 Minitnuin Point in Prices After a Crisis 



The recovery in the prices of manufactured goods is so uni- 

 formly in advance of the recovery in the prices of raw materials 

 that the generalization seems warranted : after a crisis the prices 

 of manufactures tend to recover before the prices of raw mate- 

 rials. The increased demand for the finished products, wdiich 

 the rise in prices indicates, is the stimulus for an increase in pro- 

 duction, and this causes the rise in the prices of raw materials. 



68 



