ryachart on Nostr: “Few had yet any real comprehension of what was happening to them or their country. ...
“Few had yet any real comprehension of what was happening to them or their country. The cost of living index had only risen twenty per cent between 1913 and 1918; between 1919 and 1922 it had risen 1,475 per cent; between 1922 and 1923, it was rising 2,500 per cent per month. But wages and salaries never kept pace with the cost of living, and the overwhelming majority was poorer in 1922 than it had been in 1921, and poorer still in 1923. People blamed each other, they blamed the profiteers, they blamed the trades unions, they blamed the government; but they blamed each other most.”
-“When Money Dies” by Adam Fergusson
An excerpt from Chapter 3
Published at
2023-04-14 15:52:46Event JSON
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"content": "“Few had yet any real comprehension of what was happening to them or their country. The cost of living index had only risen twenty per cent between 1913 and 1918; between 1919 and 1922 it had risen 1,475 per cent; between 1922 and 1923, it was rising 2,500 per cent per month. But wages and salaries never kept pace with the cost of living, and the overwhelming majority was poorer in 1922 than it had been in 1921, and poorer still in 1923. People blamed each other, they blamed the profiteers, they blamed the trades unions, they blamed the government; but they blamed each other most.”\n\n-“When Money Dies” by Adam Fergusson\n\nAn excerpt from Chapter 3",
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