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Gold Standard

Banker J. P. Morgan rescued the dollar and bailed out the nation.

On February 5, 1895, the Jupiter of American banking, J. P. Morgan, took the train from New York to Washington to see the president. He had no appointment but came to discuss matters of grave national interest.
A clipping selected at random from a generous stack tells me that the would-be Democratic candidate Tom Harkin is pitching a “populist, sharply partisan message.” I get the impression that the two adjectives are interchangeable.
In 1937, the American economy, which had been slowly rising from the depths it had reached in 1933, suddenly reversed course and sank once more.

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