> You're just throwing things out to see if anything sticks.
You're a smarter guy than me. I don't know how many times I have to say "Inflation can have many causes, often simultaneously". I'm sorry but you don't have an open mind.
> Why was there massive inflation in the years before the Constitution was adopted
I don't know. No Federal Reserve to blame for sure.
> Why was there massive inflation in the Confederacy?
Supply shortages in a wartime economy. Low confidence in the Confederate government, and therefore its currency.
> Why was there inflation during the California and Yukon gold rushes?
In California or in the country generally? In California I'd guess it's because a lot of people moved to an undeveloped place in a very short period of time. They all needed housing, clothing, equipment, and food, and consequently there was a temporary supply shortage. Some people struck gold (new wealth), so they could pay for the things they wanted.
> Few things increased productivity more than the cotton gin.
And that increased the value of farmland in the South, didn't it? The owners had more money than they did before. So are you claiming the South actually did have inflation at the time, or that it did not?
> What happened in 1914 that changed it all?
Many things happened. For instance, WW1 began. Wars reduce trade and drive up demand for fuel and other raw materials.
A few years earlier in 1907 the US passed the first of a series of acts to reduce immigration (there were updates passed in 1917, 1921, and 1924). That reduced labor supply. Also by that time in history the US had expanded all the way to the west coast. There was no new frontier to send excess people out to develop.
The US mortgage industry began in the 1870s.[1] That is probably the beginning of widespread consumer credit.
I know for you all that matters is "The Federal Reserve started in 1914". Like I said, you're unwilling to learn something new.
1. What happened in 1914 that changed it all?
2. Why was there massive inflation in the years before the Constitution was adopted?
3. Why was there massive inflation in the Confederacy?
4. Few things increased productivity more than the cotton gin.
5. Why was there inflation during the California and Yukon gold rushes?