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by Cat on Thu Feb 6th, 2020 at 12:38:54 AM EST
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I thought it was common knowledge.
by asdf on Thu Feb 6th, 2020 at 03:19:39 AM EST
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The origins of federal growth are in the Constitutional Convention. But the modern [!] period of growth began with the Progressive Era before World War I
Would that include the period between the first Great Depression (1874 ± 24 mo.) and US entry into WWI (1917)? Formation of the reactionary Progressive Party around Wm. Jennings Bryan and fists fulla silver dollars?

huh. It's true. Metalheads prefer FRB birth in 1913 for every calamity of liberty not specified in the Federalist Papers. Far and few between is the reader familiar with the history of US federal customs tariffs, property taxes [1], [2], [3], [4], and personal income tax collections. Prior to 1913.

No wonder most Americans oppose reparations for slavery.

Me? I always peg it, growth of US federal gov, to the series of acts between 1861-1863--although 1789 was a seminal year for US federal treasury bonds issuance and surety--full faith and credit blah blah spanish dollar blah. The Constitution, to be sure, damaged states' and private bankers deposit and currency businesses, but didn't kill them. For that  there was unregulated, international (FX, rail, and real estate) "investment banking" panics and depressions over the next 50 years.

by Cat on Sat Feb 8th, 2020 at 12:58:42 AM EST
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