Cotton production during this period gradually out of the state of self-sufficiency, the characteristics of commercial production is becoming more apparent, to 1936, cotton goods rate of up to 85%.

这一时期的棉花生产逐渐摆脱自给自足的状态，商品化生产的特点趋于明显，到1936年，棉花的商品率已达到了85%。

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The discount rate measures how fast the value of goods diminishes with time.

折现率度量了产品价值随着时间而减少的速度。

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This, however, need not always be the case if the pace of increase in the production of goods exceeds the rate of increase in money supply.

但是，如果商品生产的增长速度超过了货币供应量增长速度，通货膨胀不一定会发生。

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However,it was largely the result of businesses cutting their supplies of unsold goods at a slower rate.

VOA: special.2010.01.30

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