In this thread: lots of people without any historical economic knowledge. Even in the 19th century, probably the peak of gold backed currency as we would cons

In this thread: lots of people without any historical economic knowledge. Even in the 19th century, probably the peak of gold backed currency as we would consider it today, the world's economy was wracked by a boom bust cycle every ten years or so. We like to remember the great depression, but we should not forget the major depressions from the 1870s into the 1890s, and the serious of depressions in the US from the 1830s to the 1850s.