Nobody Remembers the Depression of 1740
Nobody Remembers
Well…I just can’t wait to pay twenty dollars for a pound of hamburger, can you? Here we are, in a modern depression, where we can charge up our debt just like our govenment…and Nobody Wonders…We remember the great depression of the 1930’s, but was there one we forgot? Well who knew? We had a big one in 1740.
There is a feeling among the Brits, that America was wrong for wanting to leave the motherland to which it came from. This feeling is very common among the British people.
So, Nobody Asks...What exactly started that whole mess? Was it just King George being a ninny? Or was there a little more to it?
Here’s a few paragraphs from the book: Sam Adams: Pioneer in Propaganda by John C. Miller
The Revolution was at first caused by…guess what? A major depression.
In 1740, it was clear that a popular upheaval was imminent in the colony. It was over an old scheme called the “Land Bank” which promised hard-pressed farmers and town mechanics a Utopia of paper money backed by real estate. The promoters of the land Bank were frankly inflationist’s who proposed to bring back prosperity by flooding the country with paper bills and at the same time, to “humble the Merchants” by taking the control of currency out of their hands.
(Can you say Federal Reserve? Can you say…Barney Frank? )
It was in 1740 that the colony (Boston) reached the crisis of an economic depression. Throughout the greater part of the century, the lack of a stable currency embittered Massachusetts politics and divided parties on class lines: debtors against creditors, and inflationist against the “sound money” mercantile aristocracy. As commerce began to decline and farmers and town artisans found themselves in a “pretty Pickle” because of the currency shortage, hostility mounted everywhere in the colony against the wealthy Boston merchants who by paying their debts in England with colonial silver made the scarcity more acute at home. Two distinct social classes were arrayed against each other by the inflationist sentiment that had swept over the colony.
It came down to who would control the colony.
The point is: Our economy is only going to get worse before the election. And with this year’s drought, who knows how bad it will get? If history repeats itself, there will be a change in “rulers.”
Will Paul Ryan then join in with Rand and Ron Paul to pass a bill to audit OUR inflationary Federal Reserve Kings?
Nobody Knows.
Will the Brits ever forgive us for breaking free and forming our own country?
Don’t count on it. Nobody Thinks we’ll get hit by a comet first.
About
I am a nobody. If the different classes of America were color-coded, I would be in the yucky brown, one rung up from the bottom. I grew up in Naples, Florida and live near the Mississippi River now with my husband and two dogs. I am part of the slowly disappearing middle-class. I was a musician most of my life: drummer/singer/keyboards—but I retired before the plastic surgery flu hit. I have no degrees, which could be a good thing…depending on how you view our educational system. I do have three patents…but that really doesn’t make me a somebody. The one thing that is constant in my life is my OPINIONS, which i have more than perhaps even Carl Sagan could have imagined…mostly political. (yes…my ancestors were crabby buggers)
Hopefully other nobody’s will put their opinions on my site. But, if you happen to be a somebody, you’re more than welcomed to help out.
It’s my Nobody Opinion that Nobody’s Perfect, and Nobody Cares, that Nobody Knows why Nobody Wins, and when that happens, Nobody Wonders, why Nobody Flashes, why Nobody’s Fooled, but then Nobody remembers that Nobody ALWAYS Reports the truth.
You can email me at joyanna_adams@yahoo.com
Joyanna Adams
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