Something happened between the two: the Panic of 1907 in the US. The crisis "involved a bank run, a stock market crash and a following recession" (James Livingston, _Origins of the Federal Reserve System: Money,Class and Corporate Capitalism:1890-1913, Cornell U. Pres) Mine >> in 1901 ... real prices stayed pretty flat for 15 >> years before a deep bear market set in. >So this 15 years gets us from 1901 to 1916, right?
