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19min chapter
EP 24: Investing in US Financial History (with Mark J Higgins)
Library of Mistakes
The Transition to the Gold Standard and the Crisis of 1893
Exploring the impact of the transition to the gold standard after the Civil War on American farmers, leading to the crisis of 1893. Discussing the consequences of introducing silver to combat deflation and how it backfired, influencing the rise of J. Pierpont Morgan in Wall Street.
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