Yeah, and we didn't bother to learn from some of this history. The main culprit was trying to "fix" a rate, which was goofy. We watched our bank panics on October 1929, and England did a different "panic", by not reinvesting their reserves to keep the wheels going. LOL
My slight bias might show because I don't support central planned economies. Central standards for weight and measurements, sure, but the economy, much like humanity, is organic.