Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data…
Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve published data about retail sales each month by Federal Reserve district, but ceased to do so after 1929. It continued to compile monthly data on retail sales by reserve district, but this data remained in house. We collected these in-house reports from the archives of the Board of Governors and constructed a consistent series on retail trade at the district level. The new series enhances our understanding of economic trends during the Roaring ‘20s and Great Depression.
This is the first volume of Research in Economic History edited by Christopher Hanes and Susan Wolcott, who act as coeditors. We continue the policies adopted by our predecessors. Research in Economic History is a refereed journal, specializing in economic history, in the form of a book. As a refereed journal, we do not publish opinion, speculation, rumination, or reviews: we publish information, new and true (well, as true as most articles in economics journals), for scholars. But as a book, we can accommodate work that does not fit the standard journal mold.