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America's departure from the Gold Standard and the effect of this on world prices and tariffs will be discussed by J. H. Williams, professor of Economics and delegate to the World Economic Conference, at 7.30 o'clock tonight in Phillips Brooks under the auspices of the Model Economic Conference.
Professor Williams will explain why abandoning the Gold Standard will probably cause a rise in prices, and will outline a program for lessening international trade restrictions. He will also discuss the effect of the events of the last two days on the impending war-debt negotiations and the change that this departure will cause in President Roosevelt's policy at the series of private conferences to be held in Washington next week with the representatives of the European powers.
Originally planned as an assembly meeting of the Model Economic Conference, copied after the London Economic Conference which meets in July, the program has been changed considerably to give an opportunity for a discussion of recent events. Three conference committees, which met on Wednesday, have prepared reports on gold and finance, war debts, and trade barriers, respectively. These committees will present their reports after Professor Williams' talk, and their findings will be considered by the whole assembly.
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