<p>A lot of bloggers like to write that the dollar has lost 90+% of its value against a basket of goods since the Fed was created.  Without a comparison to the former dollar, that's a meaningless statement.  Is there data that show the dollar's appreciation/depreciation before the Fed took over?</p>

<p><a href="http://www.usinflationcalculator.com/frequently-asked-questions-faqs/#HowInflationCalculatorWorks" rel="nofollow">Example of this assertion.</a></p>

<p>I am not saying its true, but rather, I don't see this calculators showing what the Dollar did against these same basket of goods before the Fed over time.</p>

CC BY-SA 3.0
2016-07-25T20:40:15.430Z
Just a thought: Wouldn't that have something to do with abandoning the gold standard?
Kontorus
CC BY-SA 3.0
2016-07-25T23:24:08.953Z
Possibly; my question though is really about is there any proof that the Dollar did better when it was under the previous system that wasn't controlled by the Fed?
user541852587
CC BY-SA 3.0
2016-07-25T23:49:38.253Z
[Wikipedia](https://en.wikipedia.org/wiki/Template:BankPanicUSA)  suggests 16 financial crises and banking panics in the United States before 1913 compared with 2 after then (1929 and 2007-08).
Henry
CC BY-SA 3.0
2016-07-26T23:14:20.680Z
The dollar appreciates/depreciates in relation to other currencies. You can't say that the dollar appreciated/depreciated without mentioning the other currency. As written, your question is not answerable.
rocinante
CC BY-SA 4.0
2020-01-29T17:29:28.697Z
@rocinante It says a basket of goods, but when stated that way, it's just describing inflation.
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<federal-reserve>
Dollar Before the Federal Reserve
user541852587
# Dollar Before the Federal Reserve

(Asked by: username_0 on 2016-07-25)

A lot of bloggers like to write that the dollar has lost 90+% of its value against a basket of goods since the Fed was created. Without a comparison to the former dollar, that's a meaningless statement. Is there data that show the dollar's appreciation/depreciation before the Fed took over?

[Example of this assertion.](http://www.usinflationcalculator.com/frequently-asked-questions-faqs/#HowInflationCalculatorWorks)

I am not saying its true, but rather, I don't see this calculators showing what the Dollar did against these same basket of goods before the Fed over time.

**Tags:** federal-reserve
> **Comments:**
> **username_1**: Just a thought: Wouldn't that have something to do with abandoning the gold standard?  
> **username_0**: Possibly; my question though is really about is there any proof that the Dollar did better when it was under the previous system that wasn't controlled by the Fed?  
> **username_2**: [Wikipedia](https://en.wikipedia.org/wiki/Template:BankPanicUSA)  suggests 16 financial crises and banking panics in the United States before 1913 compared with 2 after then (1929 and 2007-08).  
> **username_3**: The dollar appreciates/depreciates in relation to other currencies. You can't say that the dollar appreciated/depreciated without mentioning the other currency. As written, your question is not answerable.  
> **username_4**: @rocinante It says a basket of goods, but when stated that way, it's just describing inflation.  

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## 0 answers

