How Debt Money Fueled the Roaring ’20s
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How Debt Money Fueled the Roaring ’20s
Before the Great Depression, a shift from the gold standard allowed the Federal Reserve to print more money, fueling the Roaring '20s. This influx of fiat currency, backed by less gold, increased the money supply by 2.5x, expanding credit access for the middle class and transforming the US into a consumer-driven economy. #GreatDepression # ...
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