Heterodox
The current American presidential campaign evokes a bygone era: the 1896 campaign of William Jennings Bryan.Here is William Jennings Bryan below as photographed in 1896: In the 1890s, America was in the last stages of the Classical gold standard, and from 1873 to 1896 – as in the rest of the Western world – America was hit by an unexpected and steady general price deflation.This benefited some people, but severely hurt others. Throughout the Western world – and certainly in Britain – the...
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