The Stock Market Crash of 1929 – Part 2: Age of Illusion
Conflicted: A History Podcast
The Fed Charges Interest on Commercial Banks
The fed controls a spigot or a faucet of credit, and by raising or lowering the rate, it can affect the fundamental currents that influence the economy. Montague norman, our cape waring lautza, wanted gold to come back to great britain. To do that he needed a favor from an old friend. The us Federal reserves rates were too high. Gold was sitting there earning interest, not moving, like a dragon's treasure hoarde. Ben strong believed that helping greatbritain return to the gold standard would get europe back on its feet after the most apocalyptic war it had ever experienced. America's losses had been negligible, microscopic, compared
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