On Tue, 14 Apr 2020 16:03:21 -0500 Peter Frederick via Mercedes <mercedes@okiebenz.com> wrote:
> One of the major causes of the Depression was the gold standard -- as > industrial production ramped up in the 20's -- one of the golden ages > of efficiency increases and productivity increase per worker hour > (mostly due to automation) -- and the US had some really nice crop > years, the amount of goods increased rapidly at a time when gold mining > was yeilding very little gold. If you had twice as much wheat this > year as last, it can only cost half as much per bushel if there is no > more gold. Hmmmmm ... that's not what these say: https://fee.org/resources/great-myths-of-the-great-depression/ https://fee.org/articles/what-caused-the-great-depression/ https://fee.org/articles/fdrs-folly-how-roosevelt-and-his-new-deal-prolonged-the-great-depression/ Craig _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
