I have been off campus for over 20 years now and those folded PC boards were very cost effective in a thru hole machine inserted jumpers world.JR I haven't had on of those folded pc board Peavey amps in the shop for many years now.
I recall pioneering that technology using multiple machine inserted wire jumpers to connect break away boards to mother boards, etc. I recall designing one simple line level mixer for the AMR division that went through the wave soldering line as a single board with all the front panel pots/switches and rear panel input/output jacks inserted and wave soldered. After the board got to the mixer final assembly line the boards were just broken apart and folded up.
I recall that someone in upper management did not believe the manufacturing cost analysis, thinking that it looked too cheap to be possible. Cost engineering confirmed that it was indeed that inexpensive to assemble.
Nowadays everything is probably small smd PCBs and ribbon cables, not that we didn't use ribbon cables back then.
JR