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> American GDP grew faster in the 1800s under the gold standard (avg. 4%+) than any time after the creation of the federal reserve. Yes... during industrializa
by kaibee 7y ago
> American GDP grew faster in the 1800s under the gold standard (avg. 4%+) than any time after the creation of the federal reserve.
Yes... during industrialization. Basically all countries experience rapid GDP growth during their industrialization. Even developing countries today get 4%+ GDP growth. Look at China's GDP growth in the last 50 years for a recent example.