Stearns County, Minnesota | redoak - 4/13/2024 04:36 Some marketers see the early 1970's big move up on charts but know nothing of the Great Russian Grain Robbery and how it came about. That and oil embargoe issues from the Middle East is what set of the massive '70's inflation and sunsequent high interest and '80's crash https://files.stlouisfed.org/files/htdocs/publications/review/73/10/... You forgot one other important factor which was the "Nixon Shock", which was when he took the US dollar off the Gold Standard. Here is a quote from Google, "The Nixon shock refers to the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon in 1971 in response to increasing ..." |
Do Ag. schools reach much history ?
