The Wizard Of Oz
You learn something new every day.
Directed by Victor Fleming, George Cukor, Mervyn LeRoy. With Judy Garland, Frank Morgan, Ray Bolger, Bert Lahr. Dorothy Gale is swept away from a farm in Kansas to a magical land of Oz in a tornado and embarks on a quest with her new friends to see the Wizard who can help her return home to Kansas and help her friends as well. At the suggestion of Glinda, the Good Witch of the North (Billie Burke), Dorothy heads down the Yellow Brick Road to the Emerald City, where dwells the all-powerful Wizard of Oz, who might be able to help the girl return to Kansas. En route, she befriends a Scarecrow (Ray Bolger), a Tin Man (Jack Haley), and a Cowardly Lion (Bert Lahr). Bert Lahr (1895-1967) in costume as the cowardly lion in the musical 'The Wizard of Oz', directed by Victor Fleming for MGM. (Photo via John Kobal Foundation/Getty Images) 'KNIGHT RIDER' STAR.
The Wizard Of Oz đź‘
Here’s Jeff Saut, from his latest market commentary as chief strategist of Raymond James:
The Wizard Of Oz 1939 Movie
Indeed, L. Frank Baum’s book was penned in 1900 following unrest in the agriculture arena (read: farmers) due to the debate over gold, silver, and the dollar standard. The book, therefore, is supposedly an allegory of these historical events making the information easier to understand. In said book, Dorothy represents traditional American values. The Scarecrow portrays the American farmer, while the Tin Man represents the workers and the Cowardly Lion depicts William Jennings Bryan. Recall that at the time, Mr. Bryan was the official standard bearer for the “silver movement,” as well as the unsuccessful Democratic presidential candidate of 1896. Interestingly, in the original story Dorothy’s slippers were made of silver, not ruby, implying that silver was the Populists’ solution to the nation’s economic woes. Meanwhile, the Yellow Brick Road was the gold standard and Toto (Dorothy’s faithful dog) represented the Prohibitionists, who were an important part of the silverite coalition. The Wicked Witch of the West symbolizes President William McKinley and the Wizard is Mark Hanna, who was the chairman of the Republican Party and made promises that he could not keep. Obviously “Oz” is an abbreviation for “ounce.”
It should be noted that before 1873 the U.S. dollar was defined as consisting of either 22.5 grains of gold or 371 grains of silver. This set the legal price of silver in terms of gold at roughly 16:1 and put the country on a gold/silver bimetallic standard. Since both metals had other uses than just coinage, whenever the ratio got out of whack, rational people would buy the cheaper metal and take it to the mint to coin. That provided a natural stabilizing arbitrage. With the 1873 Coinage Act, however, the silver dollar was omitted, effectively shifting the country from a bimetallic to a gold standard. Other countries soon followed this shift and as tons of silver were unloaded, the market price of silver in terms of gold rose from 16:1 to 40:1. The result was that the dollar was now linked to a metal that was getting scarcer and scarcer.
.Note, the wave surfing here is for getting through Urges. We will be going over wave surfing again in the Emotion Regulation Module. 27urge surfingdialectical behavioral training.
Particularly hurt by these events were the net debtors, among them the farmers because they had to face a rising real value of their debts combined with declining agricultural prices (in dollar terms). Processor. Now, while there was a bunch of “noise” in between (the Sherman Silver Purchase Act of 1890, the panic and depression of 1893, etc.), the situation hit its zenith in 1896 culminating with William Jennings Bryan’s “Cross of Gold” speech at the Democratic National Convention.
Sonofabitch!
I guess the flying monkeys represented the precious metals bloggers and conspiracy theorists, Glenda the Good Witch was probably Ayn Rand’s grandmother or some shit.
The Wizard Of Oz Movie
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