The Silver Campaign Depression

1896-1897

Saturn and Uranus were in conjunction aspect during this entire depression. The nomination of William Jennings Bryan, Democrat, and the free silver campaign, did much toward bringing about this panic, as there was fear that the gold standard would be abolished. It is significant that Jupiter (ruler of the Nation's finances), was in Leo {the sign ruling Gold), during 1896. This planetary position alone indicated an adherence to the gold standard which resulted in the defeat of Bryan and the election of McKinley.

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Rails suffered a drastic decline in this depression while Industrial averages reached the lowest point since the War between the States. Also during this year (1896) crops were poor and commodity prices stood at the lowest point since 1869«

On May 4, 1896» the North Node moved into Aquarius, the sign on the "Low" angle of the Business Cycle Chart where it remained until November 22, 1897, The passage of the North Node through Aquarius marked the end of the downward trend of the Business Curve and the Business Cycle began slowly to swing upward from the Low Point to Normal.

When the North Node moved into Aquarius it slowly approached an unfavorable square aspect (90 degrees) with Uranus and Saturn in conjunction in Scorpio, This unfavorable secondary factor combined with Uranus' and Saturn's unfavorable influence, depressed the Curve 18 points. Jupiter in Leo was also in an unfavorable square aspect (90 degrees) to Uranus and Saturn; and in unfavorable opposition aspect (180 degrees) to the North Node.

Jupiter moved out of Leo into Virgo September 28, 1896, and this transit lifted the Curve slightly from the low point of August and September when stock prices and business activity reached their lowest level since the War between the States.

Neptune and the powerful planet Pluto in Gemini, although 7 degrees apart, were in orb of a conjunction aspect and this powerful secondary factor, in the sign which co-rules the United States, lifted the Business Curve 6 points by January, 1897.

During January and February of 1897, the Business Curve rose two more points where it stood at 10 points below normal. In March, 1897, however, the Curve dropped back to 12 points below normal as Saturn turned Retrograde in motion which was a retarding influence on the Curve.

In April and May, 1897, the North Node formed a favorable trine aspect (120 degrees) with the powerful planet Pluto, This aspect lifted the Business Curve slightly which became a sharp upturn in August when the expansive planet Jupiter moved in sextile aspect (60 degrees) to Saturn and Uranus in conjunction in Scorpio. This combination of secondary factors exerted a favorable influence which caused the Curve to rise six points in August and by the end of October the Curve stood at two points below the normal line.

On November 22, 1897, the North Node passed out of Aquarius, the sign on the low point of the Business Cycle Chart, into the sign of Capricorn. The Business Curve was now on a slow long swing upward from low to normal business activity. As the Node moved into Capricorn it formed a favorable sixty degree angle with Uranus in Scorpio and this favorable secondary factor took the Business Curve three points above normal through February, 1898. Jupiter was also in conjunction with the North Node during January and February, 1898.

During all of 1898 the Business Curve remained close to the normal line. In May the Curve was 1 point below normal; in June, 1 point above normal; in July, 2 points below normal; in October, 1 point below normal; and in December, 1 point above normal. Although the normal position of the Business Curve was below normal, the fact that Jupiter was in a favorable sixty degree angle (sextile aspect) with both Saturn and Uranus, this secondary factor lifted the Curve to the normal point during 1898.

During 1899 the Business Curve rose steadily from 1 point above normal to 11 points above normal at the end of the year. This was due to the favorable aspect between Jupiter and Uranus to the North Node, Jupiter and Uranus were in a 30 degree angle (semi-sextile aspect) to each other, while Uranus was in sem-sextile (30 degrees) aspect to the North Node and Jupiter was in a favorable sextile aspect (60 degrees) to the North Node. These aspects lasted through June when the North Node moved out of Capricorn into Sagittarius on June 10s 1899.

The passage of the North Node into Sagittarius took the natural position of the Business Curve to nearly normal. The strong secondary factors present pushed the Curve above normal during the year.

When the North Node moved into Sagittarius» it was within

10 degrees of a conjunction aspect with the depressing planet Saturn. This aspect usually depresses the Business Curve temporarily, but Jupiter in a favorable 30 degree angle to both Saturn and the Node at this time sent the Curve upward instead, through January and February, 1900. This sharp upward trend in the latter part of 1899 was the forerunner of the three year period of above-normal prices known in history as the "Merger Prosperity Period."

THE MERGER PROSPERITY PERIOD

1900-1903

Business activity started strong at the beginning of 1900, but soon slumped well below the normal line. This was due to the fact that the North Node came into an unfavorable 180 degree angle (opposition aspect) with the powerful planet Pluto. Uranus and Jupiter in conjunction in Sagittarius were also forming a conjunction aspect with the North Node. From March through November Pluto was in opposition to the North Node, Uranus and Jupiter. The Business Curve dropped from 11 points above normal to 5 points below normal under this combination of unfavorable secondary factors.

In December, 1900, two astronomical changes came about which turned the Business Curve upward The North Node moved into Scorpio on December 31, 1900, and Saturn moved into orb of a favorable 30 degree angle with Uranus.

When the North Node moved into Scorpio the curve of busi* ness activity had reached the normal point, inasmuch as Scorpio is the sign on the normal point of the Business Cycle Chart. Without the presence of secondary factors to distort the Curve up or down, business activity was now standing at normal. The Curve rose to 5 points above normal by April, 1901, which was due to the presence of the favorable semi-sextile aspect between Saturn and Uranus. This aspect lasted all year. Commodity prices rose as well as Rail stocks during the year.

During January and February of 1902, the Business Curve dropped to 2 points above normal as Jupiter formed an unfavor-

able 90 degree angle (square aspect) with the North Node. In April, the effect of this aspect passed away and the Business Curve moved up three points. The Business Curve stayed between 4 and 5 points above normal during all of 1902. Saturn was in a favorable 30 degree angle to both Uranus and Jupiter and the latter was in a favorable 60 degree angle to Uranus.

On July 19, 1902, the North Node moved into Libra which indicated that the natural position of the Business Curve, without the presence of favorable or unfavorable secondary factors was now slightly above normal.

In the fall of 1902, Saturn was in an unfavorable 90 degree angle to the North Node. This secondary factor would have caused a drop in the Business Curve if Saturn had not been in a favorable 30 degree angle to Uranus. Uranus was also in a favorable 60 degree angle to the North Node at the same time. These factors kept the Business Curve up through the spring of 1903.

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