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Most American financial crises of the postbellum gold-standard era were caused by fluctuations in the cotton harvest … the pre-1914 monetary regime. A poor cotton harvest depressed export revenues and reduced international demand for …-cycle downturn - conditions that bred financial crises. The crises caused by cotton harvests could have been prevented by an American …
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Most American financial crises of the postbellum gold-standard era were caused by fluctuations in the cotton harvest … the pre-1914 monetary regime. A poor cotton harvest depressed export revenues and reduced international demand for …-cycle downturn - conditions that bred financial crises. The crises caused by cotton harvests could have been prevented by an American …
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The subject of this article is whether the financialisation of agricultural commodity futures trading contributed to the sudden price rises in 2006-2008. It also discusses the effect of financialisation on the functioning and usefulness of futures markets, and considers whether speculation could...
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