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I think there is no question that the period from 1900 to 1950 was the most literate era
That said, back in the 20s not everyone was talking about the "classics". Many of the popular books back then were every bit as much drivel as the popular books now. And then you had stuff like the pulp magazines. Which I absolutely love, but overall was not high quality.
And even for the nobility, life sucked in the Middle Ages. You just got to order people around.
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