130 years later….
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The Depression of the 1890s was one of the worst we've ever had, and policymakers had no tools to alleviate the misery since the US was on the gold standard. It was only after gold was discovered in the Klondike that the money supply could be expanded. It may not seem like it, but we're smarter now.
These decades of tax cuts for the rich was suppose to fix all that.