In-Reply-To: <61ff0142b2c01116cd48ae5868c52076@geonomics.org>
Hi Jeffrey.
As you say much has been written about the inter war period. I don't
really think I have much to add, the reading is the thing :-))
My only comment is that this is not one set of happenings, but several, at
least in the UK.
The euphoria at the end of hostilities resulted in a mini boom, as
happened after the end of the Napoleonic wars, which of course did not
last much beyond 1920. By 1935 it was obvious that another war was brewing
up, so the intense unemployment, that hit its peak here in 1931 was
slammed into reverse.
Industry of course saw this as an opportunity to recoup their costs, and
even make a profit :-) So of course prices rose. And when war actually
commenced wages too rose.
The deflation after the 1919 Cunliffe report changed to one of inflation,
though in my opinion both were exasperated by the money men, for their own
reasons. The people just did the suffering, the so called "reasons" were a
bit of a moot point to them. :-(((
Ken.
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From: Jeffery Smith <jjs@geonomics.org>
Date: Sat, 11 Mar 2006 13:55:31 -0800
To: socialcredit@elistas.com
X-Mailer: Apple Mail (2.623)
Subject: [socialcredit] Inter-war price changes
X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
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On Mar 7, 2006, at 9:08 AM, Kenneth Palmerton wrote:
>
> After the armistice in 1918 the attempt was made to return to the
> "Gold Standard" AT PRE WAR PARITY. As a result of the Cunliffe report,
> that was stuffed with bankers :-(
>
> Of course the deflation that resulted was a major cause of the
> subsequent crash.
Since so much is written about inter-war inflation and little about
said period deflation - if it happened - could you lay out this
purported history in a bit more detail (just a bit)?
SMITH, Jeffery J., President, Forum on Geonomics
7536 SE Milwaukie Av, Portland Oregon 97202 USA
503/232-1337; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
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