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by empath75 3907 days ago
https://en.wikipedia.org/wiki/List_of_banking_crises

Note all of the entries that start with "Panic of.." from well before the collapse of Bretton Woods.

Even the Great Recession wasn't that bad compared to what we had before.

1 comments

It shows much fewer crises before and virtually zero during the Bretton woods. If you click to some of them, you will see that most of them happened when the exchange to gold/silver was limited and people believed there isn't enough precious metals to back all the money, or the gold or silver standard was actually abandoned by some country.