5. Ten times more Americans died from influenza in 1919 than died fighting in World War I.
6. In the face of declining prices, when a corn farmer in Iowa was asked what he got for his crop, replied, “I got to grow it.”
7. With inflation, businesses holding inventories would suffer, but with deflation, businesses holding inventories can profit.
8. As the price of sugar rose from 4¢ in 1918 to 22¢ in 1920, City Bank opened up 19 branches in Cuba to fund investment projects.
9. In January of 1920 the Fed raised the discount rate of interest by 1.25%, the biggest increase at one time in the Fed’s history to this day.
True or False
1) True
The influenza pandemic of 1918-1919 killed more people than the
Great War, known today as World War I (WWI), at somewhere between
20 and 40 million people. It has been cited as the most devastating
epidemic in recorded world history.
5. Ten times more Americans died from influenza in 1919 than died fighting in World War...