Fiction Book - Need Ideas - What if the Fed never came into being?

[Black Flag]

Thanks, Travlyr! I will!

I'm currently asking a few Internet eggheads for an answer to my 20th Amendment question. Once I get that, I can go to town!

What's the question?

[BuddyRey]

What's the question?

I'm wondering what the standard legal procedure was, in the event of the death of a President-Elect, before the ratification of the 20th Amendment. I'm not sure if the party would have to nominate somebody else to run in a Special Election, or if the VP became the de facto President, as happens now.

[oyarde]

Out of WW1 ? Then maybe the effects from the killer flu would have been less ??

[oyarde]

Well, let's consider WW1 - which we are still paying for.....

WW1 had the gold standard, and it was heavily inflated by all the war powers to a degree it bankrupted Germany and almost took down the British Empire.

The US as well, even for its short time at war, suffered the inflation of the printing press ... and remember, there was no FRN.

To forestall the post-war economic collapse, the FED artificially lowered interest rates and created the Roaring 20's.... masking the economic disaster of the war.

This came to a head in 29 with the crash.

The cost of the war plus the cost of the boom created the greatest depression in modern history.

In attempt to recover, FDR took the nation off of the gold and substituted the FRN - though unintentional, made paying for WW2 a lot easier.

Not really , this one is worse using only employment numbers , there were 5 people for every job then , six now ....

[BuddyRey]

Out of WW1 ? Then maybe the effects from the killer flu would have been less ??

Good point! We lost some great people to that pandemic (Randolph Bourne, for example). Hard to even conceptualize how different history might have turned out without it.

[The Gold Standard]

Well, let's consider WW1 - which we are still paying for.....

WW1 had the gold standard, and it was heavily inflated by all the war powers to a degree it bankrupted Germany and almost took down the British Empire.

The US as well, even for its short time at war, suffered the inflation of the printing press ... and remember, there was no FRN.

To forestall the post-war economic collapse, the FED artificially lowered interest rates and created the Roaring 20's.... masking the economic disaster of the war.

This came to a head in 29 with the crash.

The cost of the war plus the cost of the boom created the greatest depression in modern history.

In attempt to recover, FDR took the nation off of the gold and substituted the FRN - though unintentional, made paying for WW2 a lot easier.

The WWI inflation led to the crash in 1920. The Fed responded by doing nothing and the government cut spending in half, and by 1922 the economy was roaring again. People don't remember there was a depression in 1920 because the government sponsored history books don't like the solutions that worked to get us out of that depression.

They didn't start ramping up the inflation and lowering interest rates until the mid 20s (for various reasons, read Rothbard's American's Great Depression for some great info), which blew up the bubble that burst in 1929.

[Black Flag]

I'm wondering what the standard legal procedure was, in the event of the death of a President-Elect, before the ratification of the 20th Amendment. I'm not sure if the party would have to nominate somebody else to run in a Special Election, or if the VP became the de facto President, as happens now.

Oh an easy question! (rolleyes)... LoL

[Black Flag]

The WWI inflation led to the crash in 1920. The Fed responded by doing nothing and the government cut spending in half, and by 1922 the economy was roaring again. People don't remember there was a depression in 1920 because the government sponsored history books don't like the solutions that worked to get us out of that depression.

They didn't start ramping up the inflation and lowering interest rates until the mid 20s (for various reasons, read Rothbard's American's Great Depression for some great info), which blew up the bubble that burst in 1929.

Good point about the 20's crash....

[BuddyRey]

Oh an easy question! (rolleyes)... LoL

Yeah, it probably is. Truth be told, I haven't bothered to study many of the Amendments after the 10th. So, could you give me a clue?

[Shorty Dawkins]

We probably wouldn't have been able to win WW2.

No one wants to think about that but it's probably true, and I only bring it up because it makes for a good fiction story...

A world where America stayed out of WW2.

Americans, such as Prescott Bush, supported Hitler's rise to power, financially. If they had been stopped, well, things would have been a whole lot different. You are assuming WWII would still have happened. It might not have.

Shorty Dawkins