Does this look like financial news? Well it is!(link)
The Evening Day, New London, Connecticut January 1, 1926, page 4, on which an almost new Ford coupe sells for $175, depicts the breakdown of the Gentlemen’s Agreement between prohibition enforcers and a coalition of bootleggers, bankers, sugar & yeast companies and pharmaceutical enterprises. Many of the larger drug companies were at least partly German, at a time when Germany was still a holdout on passing the equivalent of a Volstead Act designed to ban enjoyable drugs. Here is how German stock and money markets behaved during five years shortly after a reparations crisis had reduced the value of the Papier Mark to its weight in cellulose. What was going on here and in Germany? Continue reading
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