You never answered about the downturn in GDP during the Great Depression. Biggest in our history after you’ve always claimed they were worse before the Fed. Glad you learned something after all this. lol
Downturns were more frequent and more severe before the Fed. That doesn't mean that every one before the Fed was more severe than every one after the Fed. It doesn't mean that the Great Depression wasn't huge.
Economic problems in Europe prompted the failure of Jay Cooke & Company, the largest bank in the United States, which burst the post-Civil War speculative bubble. The Coinage Act of 1873 also contributed by immediately depressing the price of silver, which hurt North American mining interests. The deflation and wage cuts of the era led to labor turmoil, such as the Great Railroad Strike of 1877. In 1879, the United States returned to the gold standard with the Specie Payment Resumption Act. This is the longest period of economic contraction recognized by the NBER. The Long Depression is sometimes held to be the entire period from 187396
WOW! Longer even than the Great Depression? Imagine that.
Sorry about your feelings. They have a pill for that now.
I'd recommend a book, or ten, but whatever works for you......