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That’s the point of the site. It doesn’t say it explicitly but leaving the gold standard is the answer to the question in the URL
by mason55 6y ago
That’s the point of the site. It doesn’t say it explicitly but leaving the gold standard is the answer to the question in the URL
- definetheword 6y agoYa, I recognized that it guides you to the conclusion: - read first three graphs... "oh, yes, that looks like a problem" - scroll next 5 graphs... "oh, looks like lots of evidence correlates to that year... what happened that year?" - scroll next 5 graphs ... "oh, wasn't it the gold standard that year?" - scroll to the end.. read quote .. "is this a bitcoin quote? No, someone else... wait, but who is River Financial and why do they want me to care"
- addicted 6y agoAlternatively, whatever forces led to the government taking as major a step as leaving the gold standard is responsible.
- Blahah 6y agoNot alternatively. Leaving the gold standard may have been one proximate cause, while the desire of the government to have simple tools to provide short term economic relief in the face of complex socio-economic problems is one ultimate goal.
- lumost 6y agoTrade with China also opened at around the same time. A plausible explanation for the decoupling of wage growth is competition or the threat of competition with international labor.