2016

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In this article, we are going to look at The Wonderful Wizard of Oz, written by L. Frank Baum, not as a simple bedtime story, but as a revealing chapter in American monetary history during the late 19th century. It remains a children’s favorite, and the film adaptation is a timeless classic. Yet beneath the songs, color, and spectacle lies a serious debate about gold, silver, power, and who the monetary system is meant to serve. My hope is that by revisiting Baum’s story through this fresh perspective, you will not only better understand the economic tensions of his time but also recognize how remarkably relevant those themes remain today.