/biz/ - Business & Finance

>>9704908
fuck, that's a huge history lesson I can't get fully into.
I'm not going to explain what the great depression was, look it up. just that it probably wasn't a coincidence that the US recovered after the president ended the gold standard. though there were a lot of other factors in play.
look at it this way, the population of the US in 1950 was about half of what it is now and the price of a new car was roughly. if the supply of currency was about the same (as the supply of gold is, relatively) then the average person would have half the amount of money. and if you wanted to make a better car, then you'd first have to somehow cut the cost in half because everybody has less money, you'd also have no money to buy more expensive parts, no one makes to more expensive parts. etc. etc. mass unemployment