Economic chaos

Originally posted by Metal Brain
Why do you insist on confining everything to within a year before the FRS? What about before the Civil War or before the Spanish American War?

That fact that you want to confine your examples to the 1910s says to me that your position is weak. I don't know what your definition of dirt poor is, but I tend to dispute that. If even it is true, I seriousl ...[text shortened]... pared to modern day, but that was true everywhere.

At that time, dirt poor compared to who?

Of course I am comparing to the modern day. One of the things that happened during the past 100 years is the banking reforms that led to the current system. It's impossible to argue that none of the gains in wealth were due to the banking reforms (or vice versa).

Originally posted by KazetNagorra
Of course I am comparing to the modern day. One of the things that happened during the past 100 years is the banking reforms that led to the current system. It's impossible to argue that none of the gains in wealth were due to the banking reforms (or vice versa).

You know it was the "Underpants."