1929 vs. Today?

[Buckeroo]

Has anyone mentioned protectionism yet?

Although the context of protectionism in 1929 was a lot different to the "free trade" ideals of today.

http://en.wikipedia.org/wiki/Free_trade

http://en.wikipedia.org/wiki/Fair_trade

I posted on another thread about the US government making it illegal for its citizens to own gold from around this period.

Talk about protection, this was to protect the US dollar as it was pegged in those days to the gold standard.

Cheers

 

[jono1887]

I posted on another thread about the US government making it illegal for its citizens to own gold from around this period.

Talk about protection, this was to protect the US dollar as it was pegged in those days to the gold standard.

Cheers

illegal to own gold? how about jewelry?

 

[Krusty the Klown]

illegal to own gold? how about jewelry?

Yes, I believe it was everything except wedding rings and gold teeth. Could be wrong though.

 

[Buckeroo]

illegal to own gold? how about jewelry?

Got a link for a discussion on this if your interested:

http://www.financialsense.com/editorials/phillips/2009/0814.html

Cheers