Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: #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.
313 posted on 07/25/2002 2:14:36 PM PDT by justshutupandtakeit
[ Post Reply | Private Reply | To 302 | View Replies ]


To: 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.

What was it then?

316 posted on 07/25/2002 2:19:40 PM PDT by #3Fan
[ Post Reply | Private Reply | To 313 | View Replies ]

To: 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.

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

317 posted on 07/25/2002 2:21:45 PM PDT by #3Fan
[ Post Reply | Private Reply | To 313 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson