Which occurred in spite of the Gold Standard, rather than because of it:
* https://econbrowser.com/archives/2012/09/the_gold_standa_1
There were major periods of instability during that period. Growth that is unlikely to be repeated:
* https://en.wikipedia.org/wiki/The_Rise_and_Fall_of_American_...
> Prices are 475%* what they were 50 years ago, far exceeding price changes under the gold standard.*
And wages would have been worse under a Gold Standard:
* https://econbrowser.com/archives/2012/09/return_to_the_g
> It did make deflation worse. Deflation = Bad is an assumed tenant of modern economics.
It is not an assumed tenant, it is (or was for many millions) a lived experience.
Let us say a farmer had taken out a mortgage in 1928, and let us say his mortgage payment was US$20 (equivalent of 1 oz. of gold). In May 1929 he would have had to have sold 114 pounds of cotton to earn $20 (or 18 bushels of wheat, 23 of corn, 44 of oats). By May 1932 he would have had to sold 369 pounds of cotton (or 38 bushels of wheat, …):
* https://www.sciencedirect.com/science/article/abs/pii/030439...
* https://econbrowser.com/archives/2012/02/why_not_abolish
And it would have been the same for selling any good or service: to pay whatever debts you had (mortgage, car/business/student loans) you would have to work more to earn the same amount of money. Is that good?
