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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.

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.

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    $\begingroup$ Just a thought: Wouldn't that have something to do with abandoning the gold standard? $\endgroup$
    – Kontorus
    Commented Jul 25, 2016 at 20:40
  • $\begingroup$ 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? $\endgroup$ Commented Jul 25, 2016 at 23:24
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    $\begingroup$ Wikipedia suggests 16 financial crises and banking panics in the United States before 1913 compared with 2 after then (1929 and 2007-08). $\endgroup$
    – Henry
    Commented Jul 25, 2016 at 23:49
  • $\begingroup$ 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. $\endgroup$
    – rocinante
    Commented Jul 26, 2016 at 23:14
  • $\begingroup$ @rocinante It says a basket of goods, but when stated that way, it's just describing inflation. $\endgroup$ Commented Jan 29, 2020 at 17:29

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