[justshutupandtakeit]

In the last decades of the 1800s the U.S. money supply shrank by at least a third and deflation was a gigantic problem leading to the creation of several political parties trying to deal with its crushing impact on the farmers and the west. It was not a percent here or there.

[#3Fan]

In the last decades of the 1800s the U.S. money supply shrank by at least a third and deflation was a gigantic problem leading to the creation of several political parties trying to deal with its crushing impact on the farmers and the west. It was not a percent here or there.

What was it then?

[#3Fan]

In the last decades of the 1800s the U.S. money supply shrank by at least a third and deflation was a gigantic problem leading to the creation of several political parties trying to deal with its crushing impact on the farmers and the west. It was not a percent here or there.

What was it then? It took decades to shrink by a third? That doesn't sound bad at all. Inflation runs higher than that now, doesn't it? Looks like we had more problems than currency. Looks like there was a railroad bubble or something. LOL