Thats funny because its share price had already exploded between 1929 and 1935 before that discovery was made.
People lose faith in fiat currencies since those currencies are backed by nothing but government promises. And deflation — the bad deflation that central bankers fear the most — is proof that the government and its monetary agents have done a horrific job of managing an economy. Faith is lost.
So deflation is and was the cause simple as that...
