Quote:
Originally Posted by BlackCrayon
How did the dollar being backed by gold do anything for the average citizen? I would not want go to back to the 50's personally. Many people were very poor, the KKK was strong as hell and lynching black people wasn't something seen as wrong. Most young men had to drop out of school to help support their families. Women were considered property and the government used its citizens as gineau pigs. Sure, some of this still goes on but its much harder to hide. I am all for bringing jobs back to the US though.
|
How did a gold backed dollar help the average citizen? Simple, everything was cheap as hell.
Since it's easy as hell to prove the Doc wrong by arguing reality, I'll just post this for you.
http://www.data360.org/dsg.aspx?Data_Set_Group_Id=248
Look at the unemployment rate. The Post WWII economic boom we experienced is greater than anything anyone ever had. There were negatives like the KKK sure, but the positives outweighed the negatives. People single out racism as the only reason why the 50s were apparently worse than now. Shit was cheap, people were employed, civility and morality were less debated and more closely followed, and hippies didn't exist.