Stop, you're all wrong.
The stock market crash of 1929 was caused by a number of factors, mainly greed, resulting in gambling on the stock market on borrowed money, and stupid actions on the part of the Federal Reserve, a central bank put in place by liberals with "good intentions", following the idea that the government controlling the economy and interest rates would negate cyclical depressions and recessions. This idea has consistently been proven false since the inception of the Federal Reserve.
Most people don't know about the depression of 1920 that was worse than the initial depression started by the 1929 crash. The Federal government responded by slashing its budget, and banks raised their interest rates. The unemployment rate reached a peak of 11.7% in 1921, dropped to 6.7% in 1922, and 2.4% in 1923. Following that we had the biggest boom in the economy before or since, "the Roaring Twenties".
With the crash of 1929 and resulting depression, the government went deeper in debt and accomplished little. It took 10 years for the economy to reach the level it was in 1929. The war in Europe helped the economy in 1938-40, as we were building up to supply Europe with munitions and other supplies. With our ensuing entry into the war (planned for some time by our powers that be, in my humble opinion), the government basically took control of all industry in the US to supply our war efforts, which resulted in full employment, of necessity). At the same time, consumer products were in short supply and often rationed, so people saved their money for after the war, often investing in war bonds. After the war, when industry returned to making consumer products, manufacturers could sell all the product they could make, as demand was so high. People had to get on waiting lists to purchase a car or major appliance, which, of course, resulted in a booming economy.
The dust bowl was a result of ignorant farming methods that had been handed down from generation to generation. Technology and scientific farming pushed the little guy off his farm. People using new machinery and farming methods outproduced the little guy and the resulting higher yields caused the market price of agricultural prices to drop dramatically. The little guy, usually sharecroppers or tenant farmers went deeper and deeper in debt, as they could not get enough for their produce to feed and clothe their families. Many had seen the light and left their farms for the cities, seeking industrial jobs. This also resulted in excess labor available in the cities, resulting in stagnant wages there.
Now, as to the recession and inexcusably poor recovery from the recession of 2008, this recession again was caused by liberal "good intentions." The government and other liberal organizations forced banks to make mortgages that any sensible person would know would never be paid back, often with little or nothing down. In the past, knowing that the housing market is subject to ups and downs, no bank would lend on property without at least 10% (usually 20%) down. With the backing of Freddie Mac & Fanny Mae, the banks were able to gamble with these notes and traded them as derivatives, further aggravating the situation when the s**t hit the fan. You all know the idiotic spending the government has been doing since 2008, so I won't go into that.
Blame for the Great Depression and the recession of 2008 til now, can be laid directly at the feet of both Democrats and Republicans who have been leading us down the primrose path to socialism for over 100 years. If you think that pouring more money down a hole will make things better, vote for a Republican or Democrat.
Sex is like the game of bridge, if you don't have a good partner, you'd better have a GOOD hand - Mae West
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