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A Monetary History of the United States, 1867–1960 is a book written in 1963 by future Nobel Prize-winning economist Milton Friedman and Anna Schwartz.It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the United States economy, especially the behavior of economic fluctuations.
The silverites argued that using silver would inflate the money supply and mean more cash for everyone, which they equated with prosperity. The gold advocates countered that silver would permanently depress the economy, but that sound money produced by a gold standard would restore prosperity. 1896 GOP posters warn against free silver.
The virtual collapse of the OPEC cartel enabled the administration to alter its tight money policies, to the consternation of conservative monetarist economists, who began pressing for a reduction of interest rates and an expansion of the money supply, in effect subordinating concern about inflation (which now seemed under control) to concern ...
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2 American Civil War. 3 Spanish-American War. 4 World War II. 5 Cold war. ... View history; Tools. Tools. move to sidebar hide. Actions Read; Edit; View history ...
The thesis of Arming America is that gun culture in the United States did not have roots in the colonial and early national period but arose during the 1850s and 1860s. The book argues that guns were uncommon during peacetime in the United States during the colonial, early national, and antebellum periods, that guns were seldom used then and that the average American's proficiency in use of ...
Basic economics also teaches that the money supply shrinks when loans are repaid; [13] [14] however, the money supply will not necessarily decrease depending on the creation of new loans and other effects. Other than loans, investment activities of commercial banks and the Federal Reserve also increase and decrease the money supply. [15]
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