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21min chapter
America's Great Depression | The Twilight of Gold Series | Episode 16 (WiM404)
The "What is Money?" Show
Factors of Control and Lack of Control in Total Reserves
This chapter analyzes the factors that contribute to the increase or decrease in total reserves and how they influenced the expansion and contraction of reserves during the period from 1921 to 1929. It concludes that government-controlled factors had a more significant impact and were generally inflationary, while factors they didn't control were deflationary.
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