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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (23491)	10/4/2007 9:09:33 PM
From: energyplay	Read Replies (4) \| Respond to of 217830

My knowledge of history is weak, but I think the 'free silver' people were in some cases opposed to the bimetallists. There was currency manipulation before the Federal Reserve, the speicie redemption act being a notable example - Lots of Greenback printed to pay for the war, they lose value, then they gain value when Congress passes a law making them redemable for gold and silver. Part of the farm problem after the Civil War was the opening of new lands by railroads. A family goes out, starts a farm, builds it up, but within 5 years more land is opened up to new farmers, with the railroads selling them land cheap. Repeat every year until 1895. Even free coinage of silver could not have slowed the decline in grain prices. One of the side effects of very cheap wheat from the US and Canada : This economically hit, and in some cases ruined, large numbers of aristocratic and land owning families in Britain, who depended on the income from farming. Lower prices meant much less income. Later, WW I comes along and wipes out half of a generation...