FOR NJOSH ONLY

profiledaeillexinyi
copy_of_assignment5student.xlsx

Via Excel Data

Era Year US Gold Production (Tons) US CPI
Gold Standard 1900 120 25
1901 120 25
1902 122 26
1903 114 27
1904 122 27
1905 133 27
1906 146 27
1907 132 28
1908 138 27
1909 150 27
1910 143 28
1911 146 28
1912 140 29
1913 135 29.7
1914 139 30.1
1915 150 30.4
1916 140 32.7
1917 123 38.5
1918 102 45.2
1919 85.6 52.1
1920 74.1 60.2
1921 72.9 53.6
1922 71.3 50.3
1923 74.8 51.2
1924 76 51.5
1925 71.8 52.7
1926 69.4 53.2
1927 65.5 52.2
1928 66.8 51.6
1929 64 51.6
1930 66.5 50.2
1931 69.2 45.7
1932 72.5 41
1933 71.7 38.9
Era Year US Gold Production (Tons) US CPI
Quasi-Gold Standard 1934 86.4 40.2
1935 101 41.2
1936 118 41.7
1937 128 43.2
1938 161 42.3
1939 145 41.8
1940 151 42.1
1941 148 44.2
1942 108 49.1
1943 42.4 52
1944 31.1 52.9
1945 29.7 54.1
1946 49 58.6
1947 65.6 67.1
1948 62.7 72.2
1949 62 71.5
1950 74.5 72.3
1951 61.6 78
1952 58.9 79.8
1953 60.9 80.4
1954 57.1 80.7
1955 58.5 80.5
1956 56.8 81.7
1957 55.8 84.4
1958 54.1 86.7
1959 49.9 87.6
1960 51.8 88.9
1961 48.2 89.8
1962 48 90.9
1963 45.2 92
1964 61.4 93.2
1965 71 94.7
1966 77.3 97.5
1967 74.6 100.2
1968 74 104.5
1969 81.9 110.2
1970 80.6 116.7
1971 75.4 121.7
1972 72.8 125.7
1973 60 133.4
Era Year US Gold Production (Tons) US CPI
Fiat Currency 1974 60.4 148.2
1975 67.6 161.7
1976 65.8 171
1977 66.5 182.1
1978 74.1 196
1979 82.1 218.1
1980 98.1 247.6
1981 93 273.2
1982 101.1 290
1983 117.8 299.3
1984 119.9 312.2
1985 125.3 323.2
1986 163.3 329.4
1987 217.8 341.4
1988 262.4 355.4
1989 317.9 372.5
1990 338 392.6
1991 342.1 409.3
1992 383.4 421.7
1993 397 434.1
1994 402 445.4
1995 360 457.9
1996 370 471.3
1997 411 482.4
1998 452.3 489.8
1999 418.2 500.6
2000 393 517.5
2001 375.5 532.1
2002 336.3 540.5
2003 321 552.8
2004 303 567.6
2005 296 586.9
2006 296 605.8
2007 304 623.1
2008 414 647
2009 412 644.7
2010 429 655.3
2011 497 676
2012 450 689.9
2013 440 700
2014 371 711.4

By Hand Data

Era Years Gold Production (Tons/Year) Average CPI
Gold Standard 1902 - 1909 132 27
1910 - 1917 140 31
1918 - 1925 79 52
1926 - 1933 68 48
Quasi-Gold Standard 1934 - 1941 130 42
1942 - 1949 56 60
1950 - 1957 61 80
1958 - 1965 54 90
1966 - 1973 75 114
Fiat Currency 1974 - 1981 76 200
1982 - 1989 178 328
1990 - 1997 375 439
1998 - 2005 362 536
2006 - 2013 405 655

Full Data

Regime Year US Gold Production (Tons) $/Ton of Gold US CPI Real US price of gold (2014 $)
Gold Standard 1900 120 $609,000 25 $17,329,704
1901 120 $610,000 25 $17,358,160
1902 122 $609,000 26 $16,663,177
1903 114 $609,000 27 $16,046,022
1904 122 $608,000 27 $16,019,674
1905 133 $607,000 27 $15,993,326
1906 146 $608,000 27 $16,019,674
1907 132 $609,000 28 $15,472,950
1908 138 $609,000 27 $16,046,022
1909 150 $609,000 27 $16,046,022
1910 143 $608,000 28 $15,447,543
1911 146 $608,000 28 $15,447,543
1912 140 $609,000 29 $14,939,400
1913 135 $608,000 29.7 $14,563,340
1914 139 $610,000 30.1 $14,417,076
1915 150 $616,000 30.4 $14,415,211
1916 140 $623,000 32.7 $13,553,584
1917 123 $629,000 38.5 $11,622,613
1918 102 $635,000 45.2 $9,994,226
1919 85.6 $641,000 52.1 $8,752,541
1920 74.1 $660,000 60.2 $7,799,402
1921 72.9 $662,000 53.6 $8,786,321
1922 71.3 $667,000 50.3 $9,433,475
1923 74.8 $664,000 51.2 $9,225,969
1924 76 $665,000 51.5 $9,186,039
1925 71.8 $664,000 52.7 $8,963,370
1926 69.4 $663,000 53.2 $8,865,756
1927 65.5 $664,000 52.2 $9,049,226
1928 66.8 $665,000 51.6 $9,168,236
1929 64 $663,000 51.6 $9,140,663
1930 66.5 $662,000 50.2 $9,381,410
1931 69.2 $723,000 45.7 $11,254,753
1932 72.5 $665,000 41 $11,538,561
1933 71.7 $847,000 38.9 $15,489,866
Quasi-Gold Standard 1934 86.4 $1,120,000 40.2 $19,820,100
1935 101 $1,120,000 41.2 $19,339,029
1936 118 $1,120,000 41.7 $19,107,146
1937 128 $1,120,000 43.2 $18,443,704
1938 161 $1,120,000 42.3 $18,836,123
1939 145 $1,110,000 41.8 $18,891,244
1940 151 $1,090,000 42.1 $18,418,670
1941 148 $1,090,000 44.2 $17,543,575
1942 108 $1,090,000 49.1 $15,792,790
1943 42.4 $1,090,000 52 $14,912,038
1944 31.1 $1,090,000 52.9 $14,658,336
1945 29.7 $1,120,000 54.1 $14,727,689
1946 49 $1,120,000 58.6 $13,596,724
1947 65.6 $1,120,000 67.1 $11,874,337
1948 62.7 $1,120,000 72.2 $11,035,568
1949 62 $1,020,000 71.5 $10,148,643
1950 74.5 $1,120,000 72.3 $11,020,304
1951 61.6 $1,120,000 78 $10,214,974
1952 58.9 $1,110,000 79.8 $9,895,414
1953 60.9 $1,120,000 80.4 $9,910,050
1954 57.1 $1,130,000 80.7 $9,961,363
1955 58.5 $1,130,000 80.5 $9,986,112
1956 56.8 $1,130,000 81.7 $9,839,437
1957 55.8 $1,120,000 84.4 $9,440,379
1958 54.1 $1,130,000 86.7 $9,271,995
1959 49.9 $1,130,000 87.6 $9,176,735
1960 51.8 $1,130,000 88.9 $9,042,542
1961 48.2 $1,130,000 89.8 $8,951,915
1962 48 $1,130,000 90.9 $8,843,586
1963 45.2 $1,130,000 92 $8,737,848
1964 61.4 $1,130,000 93.2 $8,625,343
1965 71 $1,130,000 94.7 $8,488,722
1966 77.3 $1,130,000 97.5 $8,244,944
1967 74.6 $1,130,000 100.2 $8,022,774
1968 74 $1,290,000 104.5 $8,781,876
1969 81.9 $1,330,000 110.2 $8,585,862
1970 80.6 $1,170,000 116.7 $7,132,288
1971 75.4 $1,330,000 121.7 $7,774,544
1972 72.8 $1,880,000 125.7 $10,639,873
1973 60 $3,140,000 133.4 $16,745,097
Fiat Currency 1974 60.4 $5,140,000 148.2 $24,673,387
1975 67.6 $5,190,000 161.7 $22,833,432
1976 65.8 $4,030,000 171 $16,765,743
1977 66.5 $4,770,000 182.1 $18,634,695
1978 74.1 $6,220,000 196 $22,576,061
1979 82.1 $9,890,000 218.1 $32,259,266
1980 98.1 $19,700,000 247.6 $56,601,696
1981 93 $14,800,000 273.2 $38,538,507
1982 101.1 $12,100,000 290 $29,682,552
1983 117.8 $13,600,000 299.3 $32,325,560
1984 119.9 $11,600,000 312.2 $26,432,543
1985 125.3 $10,200,000 323.2 $22,451,361
1986 163.3 $11,800,000 329.4 $25,484,274
1987 217.8 $15,400,000 341.4 $32,090,100
1988 262.4 $14,100,000 355.4 $28,223,804
1989 317.9 $12,300,000 372.5 $23,490,523
1990 338 $12,400,000 392.6 $22,469,078
1991 342.1 $11,700,000 409.3 $20,335,646
1992 383.4 $11,100,000 421.7 $18,725,492
1993 397 $11,600,000 434.1 $19,009,998
1994 402 $12,400,000 445.4 $19,805,478
1995 360 $12,400,000 457.9 $19,264,818
1996 370 $12,500,000 471.3 $18,868,025
1997 411 $10,700,000 482.4 $15,779,395
1998 452.3 $9,490,000 489.8 $13,783,557
1999 418.2 $9,000,000 500.6 $12,789,852
2000 393 $9,010,000 517.5 $12,385,921
2001 375.5 $8,750,000 532.1 $11,698,459
2002 336.3 $10,000,000 540.5 $13,161,887
2003 321 $11,700,000 552.8 $15,056,766
2004 303 $13,200,000 567.6 $16,544,186
2005 296 $14,300,000 586.9 $17,333,481
2006 296 $19,500,000 605.8 $22,899,142
2007 304 $22,500,000 623.1 $25,688,493
2008 414 $28,100,000 647 $30,896,971
2009 412 $31,300,000 644.7 $34,538,266
2010 429 $39,500,000 655.3 $42,881,581
2011 497 $50,600,000 676 $53,249,763
2012 450 $53,800,000 689.9 $55,476,620
2013 440 $45,500,000 700 $46,241,000
2014 371 $40,800,000 711.4 $40,800,000

US Gold Production and US CPI

US Gold Production (Tons) 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 120 120 122 114 122 133 146 132 138 150 143 146 140 135 139 150 140 123 102 85.6 74.099999999999994 72.900000000000006 71.3 74.8 76 71.8 69.400000000000006 65.5 66.8 64 66.5 69.2 72.5 71.7 86.4 101 118 128 161 145 151 148 108 42.4 31.1 29.7 49 65.599999999999994 62.7 62 74.5 61.6 58.9 60.9 57.1 58.5 56.8 55.8 54.1 49.9 51.8 48.2 48 45.2 61.4 71 77.3 74.599999999999994 74 81.900000000000006 80.599999999999994 75.400000000000006 72.8 60 60.400000000000006 67.599999999999994 65.800000000000011 66.5 74.099999999999994 82.1 98.100000000000009 93 101.1 117.8 119.9 125.3 163.30000000000001 217.8 262.39999999999998 317.89999999999998 338 342.1 383.4 397 402 360 370 411 452.3 418.2 393 375.5 336.3 321 303 296 296 304 414 412 429 497 450 440 371 US CPI 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 25 25 26 27 27 27 27 28 27 27 28 28 29 29.7 30.1 30.4 32.700000000000003 38.5 45.2 52.1 60.2 53.6 50.3 51.2 51.5 52.7 53.2 52.2 51.6 51.6 50.2 45.7 41 38.9 40.200000000000003 41.2 41.7 43.2 42.3 41.8 42.1 44.2 49 .1 52 52.9 54.1 58.6 67.099999999999994 72.2 71.5 72.3 78 79.8 80.400000000000006 80.7 80.5 81.7 84.4 86.7 87.6 88.9 89.8 90.9 92 93.2 94.7 97.5 100.2 104.5 110.2 116.7 121.7 125.7 133.4 148.19999999999999 161.69999999999999 171 182.1 196 218.1 247.6 273.2 290 299.3 312.2 323.2 329.4 341.4 355.4 372.5 392.6 409.3 421.7 434.1 445.4 457.9 471.3 482.4 489.8 500.6 517.5 532.1 540.5 552.79999999999995 567.6 586.9 605.79999999999995 623.1 647 644.70000000000005 655.29999999999995 676 689.9 700 711.4

Year

US Gold Production (Metric Tons)

US CPI

US Gold Production and Real Price of Gold

US Gold Production (Tons) 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 200 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 120 120 122 114 122 133 146 132 138 150 143 146 140 135 139 150 140 123 102 85.6 74.099999999999994 72.900000000000006 71.3 74.8 76 71.8 69.400000000000006 65.5 66.8 64 66.5 69.2 72.5 71.7 86.4 101 118 128 161 145 151 148 108 42.4 31.1 29.7 49 65.599999999999994 62.7 62 74.5 61.6 58.9 60.9 57.1 58.5 56.8 55.8 54.1 49.9 51.8 48.2 48 45.2 61.4 71 77.3 74.599999999999994 74 81.900000000000006 80.599999999999994 75.400000000000006 72.8 60 60.400000000000006 67.599999999999994 65.800000000000011 66.5 74.099999999999994 82.1 98.100000000000009 93 101.1 117.8 119.9 125.3 163.30000000000001 217.8 262.39999999999998 317.89999999999998 338 342.1 383.4 397 402 360 370 411 452.3 418.2 393 375.5 336.3 321 303 296 296 304 414 412 429 497 450 440 371 Real US price of gold (2014 $) 17329704 17358160 16663176.923076924 16046022.222222222 16019674.074074075 15993325.925925925 16019674.074074075 15472949.999999998 16046022.222222222 16046022.222222222 15447542.857142856 15447542.857142856 14939400 14563340.067340067 14417076.411960132 14415210.52631579 13553584.097859325 11622612.987012986 9994225.6637168135 8752541.2667946238 7799401.993355481 8786320.8955223877 9433475.1491053682 9225968.7499999981 9186038.8349514566 8963370.0189753324 8865755.6390977427 9049226.0536398459 9168236.4341085255 9140662.7906976733 9381410.3585657366 11254752.735229757 11538560.975609757 15489866.323907455 19820099.502487559 19339029.126213588 19107146.282973621 18443703.703703701 18836122.931442082 18891244.019138757 18418669.833729215 17543574.660633482 15792790.224032585 14912038.461538462 14658336.483931946 14727689.463955637 13596723.549488053 11874336.810730254 11035567.867036011 10148643.356643356 11020304.287690181 10214974.358974358 9895413.5338345859 9910049.7512437794 9961363.0731102843 9986111.801242236 9839436.9645042848 9440379.1469194312 9271995.3863898478 9176735.159817351 9042542.1822272204 8951915.3674832955 8843586.3586358614 8737847.826086957 8625343.3476394843 8488722.2808870114 8244943.58974359 8022774.4510978041 8781875.5980861243 8585862.068965517 7132287.9177377885 7774543.9605587507 10639872.712808274 16745097.451274361 24673387.314439949 22833432.282003712 16765742.690058479 18634695.222405273 22576061.224489793 32259266.391563505 56601696.284329563 38538506.588579796 29682551.724137928 32325559.639158037 26432543.241511852 22451361.386138614 25484274.438372798 32090099.589923844 28223804.164321888 23490523.489932884 22469077.941925623 20335646.225262642 18725492.055963956 19009997.69638332 19805478.221823081 19264817.645774186 18868024.61277318 15779394.693200663 13783556.553695384 12789852.177387135 12385920.772946861 11698458.936290171 13161887.141535616 15056765.557163531 16544186.046511628 17333481.001874257 22899141.630901292 25688493.01877708 30896970.633693971 34538265.860089965 42881580.955287658 53249763.313609466 55476619.799971014 46241000 40800000

Year

US Gold Production (Metric Tons)

Price of 1 Ton of Gold, 2014 $

Sources

Item Source URL
ERAS Craig K. Elwell, “Brief History of the Gold Standard in the United States,” Congressional Research Service, R41887, June 23, 2011. https://books.google.ca/books?id=ztHyT2ew3QUC&pg=PP1&lpg=PP1
GOLD SUPPLY/PRICE Thomas D. Kelly et al., “Gold – Supply-Demand Statistics,” Historical Statistics for Mineral and Mineral Commodities in the United States, U.S. Geological Survey, Data Series 140, 2014. https://minerals.usgs.gov/minerals/pubs/historical-statistics/#data
CPI Federal Reserve Bank of Minneapolis, “Consumer Price Index (Estimate) 1800-“. https://www.minneapolisfed.org/community/teaching-aids/cpi-calculator-information/consumer-price-index-1800
https://books.google.ca/books?id=ztHyT2ew3QUC&pg=PP1&lpg=PP1 https://minerals.usgs.gov/minerals/pubs/historical-statistics/ https://www.minneapolisfed.org/community/teaching-aids/cpi-calculator-information/consumer-price-index-1800