text_original: Inflation of the paper currency naturally followed upon the suspension of cash payments and the multiplication of Banks ; but until the closing years of the war the effects were less marked than might have been anticipated.
text_transcription: INFLATION OF THE PAPER CURRENCY NATURALLY FOLLOWED UPON THE SUSPENSION OF CASH PAYMENTS AND THE MULTIPLICATION OF BANKS BUT UNTIL THE CLOSING YEARS OF THE WAR THE EFFECTS WERE LESS MARKED THAN MIGHT HAVE BEEN ANTICIPATED
phonemes: ɪnflˈeɪʃən ʌvðə pˈeɪpɚ kˈɜːɹənsi nˈætʃɚɹəli fˈɑːloʊd əpˌɑːn ðə səspˈɛnʃən ʌv kˈæʃ pˈeɪmənts ænd ðə mˌʌltɪplɪkˈeɪʃən ʌv bˈæŋks ; bˌʌt ʌntˈɪl ðə klˈoʊzɪŋ jˈɪɹz ʌvðə wˈɔːɹ ðɪ ɪfˈɛkts wɜː lˈɛs mˈɑːɹkt ðɐn mˌaɪthɐv bˌɪn æntˈɪsᵻpˌeɪɾᵻd.