Keep in mind this was 1932 when there was the gold standard. Inflation was more volatile then and was -10% (minus!) according to http://www.rateinflation.com/

Keep in mind this was 1932 when there was the gold standard. Inflation was more volatile then and was -10% (minus!) according to http://www.rateinflation.com/inflation-rate/usa-historical-inflation-rate?start-year=1915&end-year=1932 http://www.rateinflation.com/inflation-rate/usa-historical-i...