speeches · August 29, 1943

Regional President Speech

Karl R. Bopp · President

FASHIONS IN WAR FINANCE by Karl R. Bopp, Research Director Federal Reserve Bank of Philadelphia before the Fashion Editors at theWarw Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FASHIONS IN WAR FINANCE The history of fashions 1. the change from hiding reality to utilising reality to the best advantage. 2. We should utilize what we have learned in the general field of fashions in the field of finance The realities of war-time economics- the size and importance of the Job 1* Who d*tarmluaa it? (Chart I) A* AttmcI foro#*. R. Oongr^Bu Appropriate and Treasury rai*#« fuxkLa. C. Principal aouroao of find*. a. Tax raranua# b. Borrowing. 2* Her* auoh aon«y 1a ne*d#d? (Cimrt- II) Ixp«*iiturwa $107 billion h»o«ipt«..•. 38 billion Deficit. $ 69 billion 9A oeuta of arary dollar apact for war C*n tha fashion* of f ixumca ba tidjuat«d io th« raal oaadj of tba ai»sd foro^a? Ara ad *3 u at a funds availatila? (Chart III) Vb«r* ara th«M finds? Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

will t» th« tf Hi %wj kH# £**■ r^H i/T (Gbfcrt IT) Qor •! ualoc Tb# profMr fa-eb^i* of tur»n» —1 will b* dur».hl« *md will rwili in rtQrX# f*r a I404 Th# ie^gper fill t« *4** » W W *lo^t* u« £&*■ a M afwn^ >yc»» * * *• U> p^t u * lysiMfrfc* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Cite this document

APA

Karl R. Bopp (1943, August 29). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19430830_karl_r_bopp

BibTeX

@misc{wtfs_regional_speeche_19430830_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1943},
  month = {Aug},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19430830_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}