The Great Deflation

Proposed deletion of :
The article : has been proposed for deletion because of the following concern:

article is redundant with the articles on the topics, the Long Depression and Deflation, and considered by itself, poorly written and sourced

You may prevent the proposed deletion by removing the notice, but please explain why in your edit summary or on the article's talk page.
Please consider improving the page to address the issues raised. Removing will stop the proposed deletion process, but other deletion processes exist. In particular, articles for deletion allows discussion to reach consensus for deletion based on established criteria.
If the proposed deletion has already been carried out, you may request undeletion of the article at any time.
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. This was one of the few sustained periods of deflationary growth in the history of the United States.
Many businesses suffered, such as warehousing, especially in the London area, due to improvements in transportation, like efficient steam shipping and the opening of the Suez Canal, and also because of the international telegraph network. Displaced workers found new employment in the expanding economy as real incomes grew.
By contrast to the mild deflation of the so-called Great Deflation, the deflation of the 1930s Great Depression was so severe that deflation today is associated with depressions, although economic data suggest this correlation was an outlier.

Productivity caused deflation

The Great Deflation occurred at the beginning of the period sometimes called the Second Industrial Revolution. It was characterized by dramatic increases in productivity made possible by the transition from agriculture to industrialization in the leading economies. The new leading industries were Bessemer and open hearth steel, railroads, the machinery industry, efficient steam shipping and animal powered agricultural mechanization. The prices of most basic commodities and mass-produced goods fell almost continuously; however, nominal wages remained steady, resulting in a pronounced and prolonged rise in real wages, disposable income and savings – essentially giving birth to the middle class. Goods produced by craftsmen, as opposed to in factories, did not decrease in price.

Deflation with increasing gold supply

The Great Deflation occurred despite an increase in the world's gold supply, which William Stanley Jevons predicted would result in inflation.