I collect newspapers and have the New York Times from January 1 to 15th 1933. In the business section on the January 1st edition there are 4 economists who say the the economy will recover by the end of the year. Of course that was just the beginning of the great depression. Even if our leaders knew that our economy was crashing, they would not tell us until they moved all of their money to a safe place. How can they continue to reduce the middle class and expect a consumer based economy to prosper?
Gold is a great standard. In 1933, you could by a mink coat for $100 for example. (I am an animal lover and would outlaw animal fur if I could.) But if you realize that $100 would buy 5 ounces of gold at $20 per ounce. Simply take today's price of gold on Yahoo Finance of $1,150.60 times 5 and that makes a mink coat at today's price in gold $5,753. That seems about right.
I paid $100,000 for a home in 1987. Homes in my neighborhood sell for $350,000 to $600,000 now. Although I feel that I have gained value in my home, actually I would not live in a $100,000 home today. It's the devaluation of the dollar, not the increase in value of real estate.