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Were these actually related to the gold standard as such? Or were they just bubbles that occurred during that time. For instance the railway bubble seems to hav
by c54 5y ago
Were these actually related to the gold standard as such? Or were they just bubbles that occurred during that time. For instance the railway bubble seems to have nothing at all to do with being on the gold standard.
- AnimalMuppet 5y agoThe gold standard meant that QE style answers were not possible. It didn't cause the bubble or the crash, but it meant that there were stronger constraints on what the government could do in response.