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By what measure did the value of the currency fluctuate 50%? Could you buy 50% more cats with it? What year were you thinking of?
by stretchwithme 14y ago
By what measure did the value of the currency fluctuate 50%? Could you buy 50% more cats with it?
What year were you thinking of?
- chubbard 14y agoPrior to the introduction of the Federal reserve system which would be 1913. And prior to 1913 boom-bust cycles were more common and quite harsh. I think that's what he's referring to. As to 50% fluctuations I can't say if that's true or not, but I know busts happened much more frequently and took much longer to work through.