What if no gold standard in early 1900s US?

sampleswift

What if there was not a gold standard in the early 1900s US (it was a hybrid gold/silver system or the modern fiat currency?) I've heard that the gold standard made the Great Depression worse.
 
marathag

marathag

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sampleswift said:
What if there was not a gold standard in the early 1900s US (it was a hybrid gold/silver system or the modern fiat currency?) I've heard that the gold standard made the Great Depression worse.
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Gold( and bimetalism, FTM) is inherently deflationary. Not so much making it worse, than insuring it would happen.

What made it worse was constriction by the Fed.
 
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