David Frum

@davidfrum ↗

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Last Checked June 28, 2022

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Mon Jun 13 21:34:42 +0000 2022

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David Frum @davidfrum

The vote in 1873 put the United States on a path toward two decades of economic crisis, labor turmoil, and political instability. It also cost the Republicans their majority in the House of Representatives in the 1874 - and thereby doomed Reconstruction and black civil rights 9/x — PolitiTweet.org

Posted June 13, 2022

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David Frum @davidfrum

Congress at length voted to return to metallic money in 1873. Unlike before the Civil War, this time they put the US on a de facto gold standard, just as the world was entering a period of rapid technological development, fast population growth, but slow gold discoveries. 8/x — PolitiTweet.org

Posted June 13, 2022

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David Frum @davidfrum

How much of the course of US history would have been very different if Congress in the 1870s had returned to the easier money of the 1850s rather than inadvertently trigger the depression of 1873? Might Reconstruction have been saved? We can't know- but we can learn. END — PolitiTweet.org

Posted June 13, 2022