Great Depression

The Great Depression was an economic slump that lasted for approximately ten years, originating in the United States in 1929 with the collapse of the New York Stock Exchange, and spreading worldwide. Many people have compared the current global recession to the Great Depression and some fear a similar situation for the future.

Throughout the Great Depression in the 1930s, stock prices plummetted, causing thousands of banks to fail. It also led to extreme losses for individual investors. The nation lost faith in the economy, resulting in a sharp decrease in spending, a deacrease in demand and therefore a decrease in production. It exposed weaknesses and imbalances within the U.S. economy and the current state of the economy has been blamed on similar greed and ignorance.

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Latest blogosphere posts tagged “Great Depression”

• Seven Vital Steps - To Launch A Successful Internet Home-Based Business!

  
  Free Internet Marketing Information — Authority: 159
  Taking care of oneself and family has not seen so much upheaval since the Great Depression of the 1930’s. If you’re from a conventional employment background, instead of looking for an income from conventional job sources where you’re competing with millions of others, you might be wondering how to make money ...
  16 hours ago

• Job Losses Mount, Enduring and Deep

  
  Stupidica — Authority: 163
  THE rise in unemployment that has occurred in the current recession has been hardest on young workers, while having a smaller effect on older workers than previous downturns. Women have been more likely than men to hold on to their jobs. Worst of Three The overall unemployment rate, which reached 10.2 percent on a ...
  20 hours ago

• Bank failure toll reaches 123 (FDIC Friday)

  
  Stupidica — Authority: 163
  Regulators close two Florida banks and on in California, costing the FDIC $986.4 million. NEW YORK (CNNMoney.com) -- Two Florida banks and one in California failed Friday night, bring the 2009 national tally to 123. Regulators closed Century Bank, Federal Savings Bank in Sarasota, Fla., Orion Bank in Naples, Fla., and ...
  22 hours ago

• The Great Depression–Videos

  
  Pronk Palisades — Authority: 432
  Milton Friedman Debunking Myth Of The Great Depression part 1 Milton Friedman Debunking Myth Of The Great Depression part 2 Milton Friedman Debunking Myth Of The Great Depression part 3 1929 – The Great Wall Street Crash & Depression: Part 1 of 6 1929 – The Great Wall Street ...
  23 hours ago

• Realtors Expect Home Prices To Rise 4% In 2010

  
  Refinance Home Mortgages — Authority: 430
  This sounds like a triumph of hope over experience. (...)
  1 day ago

• Job Losses Both Deep and Enduring 2009 - 2012

  
  InvestmentWatch — Authority: 450
  The rise in unemployment that has occurred in the current recession has been hardest on young workers, while having a smaller effect on older workers than previous downturns. Women have been more likely than men to hold on to their jobs. The overall unemployment rate, which reached 10.2 percent on a seasonally ...
  1 day ago

• Realtors: home prices to rise 4 percent in 2010 (AP)

  
  Relevant News — Authority: 514
  AP – Home prices are expected to grow modestly next year and sales will keep rising as the housing market continues to recover from the worst downturn since the Great Depression, the National Association of Realtors said Friday. View post: (AP)"> (AP)">Realtors: home prices to rise 4 percent in 2010 ...
  1 day ago

• What Came First: The Federal Reserve Or Economic Bubbles? A Brief History Of The Federal Reserves Creation

  
  zero hedge — Authority: 768
  A fantastic history of the reasons for, and the creation of, the Federal Reserve, courtesy of Murray Rothbard and our friends at Mises Institute , with the article originally appearing in Quarterly Journal of Austrian Economics , Vol. 2, No. 3 (Fall 1999), pp. 3–51. It is also reprinted in A History of Money and ...
  1 day ago

• Warning: Fed May Cause Next Crisis, Hong Kong’s Tsang Suggests

  
  InvestmentWatch — Authority: 450
  http://www.bloomberg.com/apps/news?pid=20601080&sid=a9xbDq__Y7v4 Nov. 13 (Bloomberg) — The Federal Reserve’s policy of keeping interest rates near zero is fueling a wave of speculative capital that may cause the next global crisis, Hong Kong’s leader said. “I’m scared and leaders should look out,” ...
  1 day ago

• California Banks Began to Impode

  
  LoanWorkout.org — Authority: 441
  Rod Brown, president of the California Bankers Association, said that despite this novel and helpful move, more bank failures probably lie ahead.“At best we are only halfway through this thing,” he said.Anderson said his firm has a ranking system that considers 29 out of California’s 297 banks in danger of ...
  1 day ago

• Ahead of the Curve

  
  Get the Flick — Authority: 131
  Krugman is always ahead of the curve. You can get onboard or you can just sit and watch. Free to Lose ”We could, for example, have New-Deal-style employment programs. Perhaps such a thing is politically impossible now — Glenn Beck would describe anything like the Works Progress Administration as a plan to ...
  1 day ago

• The Progressive ~ 1929 and 2009: A public job program is the answer

  
  Past in Print Weblog — Authority: 103
  From The Progressive , posted 27 October 2009, by Julianne Malveaux : [ snip ] By [1932] the Great Depression was raging, with unemployment rates rising to 25 percent. To combat unemployment and alleviate poverty, the federal government engaged in a massive public works and jobs program through the Works ...
  1 day ago

• Astounding Years 30–37 BC:* Clayton Magazines

  
  The Way the Future Blogs — Authority: 452
  (*Before Campbell)Astounding/Analog had two (or three) editors before John W. Campbell, Jr., came along with his magnolious “Golden Age” of people like Isaac Asimov and Robert A. Heinlein and all. However, none of those original editors were the ones that made the magazine great. That task was left for John ...
  2 days ago

• A Failed Economy: John Bellamy Foster, Interviewed by Amandla

  
  Creative-i — Authority: 148
  As a general rule, if an economic crisis is extremely severe, as in the present downturn, we can say that long-term forces are at work, going beyond what are considered the normal, short-term fluctuations associated with the business cycle. What then are the long-term forces operating in this case? This was the ...
  2 days ago

• Is this the Right Time to Open a Restaurant?

  
  FriendsEAT.com — Authority: 434
  This may be the best time ever According to many financial analysts, this might be a great time to open a restaurant. Granted, others might call this advice crazy, since many owners have watched sales plummet and customers disappear, as diners considered cheaper alternatives to eating meals out. Still, if one is ...
  2 days ago

• Everyone is Busily Debasing Their Currency

  
  The Daily Reckoning Australia — Authority: 539
  The US is dedicated to debasing its currency. Are you ready? There is a risk in holding cash in an environment of asset price inflation - a condition that usually occurs when governments create large fiscal deficits and inflate the money supply. The practice is endemic to banana republics and declining empires...and ...
  2 days ago

• Insanity – are We There Yet?

  
  Socyberty — Authority: 559
  Many have used the quote, “insanity is doing the same thing, over and over, and expecting different results.” It has been attributed to Albert Einstein (1879-1955), but evidence is lacking. Regardless of who said it, the principle is true and a good gauge for evaluation. How does the current situation of America ...
  3 days ago

• LIKE THIS WILL HELP: Fannie Mae to allow borrowers in foreclosure to lease back homes.

  
  InvestmentWatch — Authority: 450
  Looking at today’s local newspaper today “Foreclosure NOTICES 20 pages” WoW. One of every 57 homes in the region that includes Ada, Canyon, Gem, Boise and Owyhee counties was involved in foreclosure in the third quarter GOD THIS LOOKS LIKE A GREAT DEPRESSION INDICATOR, SO SAD……NO JOBS NO HOME NO MONEY…. ...
  3 days ago

• A Toxic Cocktail

  
  Liberty Maven Liberty Maven: For Liberty, One Individual At A Time — Authority: 549
  by John Browne – Senior Market Strategist, Euro Pacific Capital Last week, the Fed extended its emergency economic powers, which include lending to the money center banks at zero interest. A few days later, the Fed’s plan was reinforced by similar announcements from the rest of the G-20. The road map the ...
  3 days ago

• Vikings and Pirates and Taxes, Oh My!

  
  Cato @ Liberty — Authority: 740
  Today’s episode of “ Hagar the Horrible ” could be an epigraph for the new Fall 2009 issue of Cato Journal . This issue includes Greek economists Michael Mitsopoulos and Theodore Pelagidis on “Vikings in Greece: Kleptocratic Interest Groups in a Closed, Rent-Seeking Economy” as well as Peter Leeson, ...
  3 days ago

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