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.

by Erin E. Collins Are you a writer, passionate about this or any other topic? Join Blogcritics!

Latest blogosphere posts tagged “Great Depression”

• Mortars and Money: My Day and End The Fed IPR

  
  Total Survivalist Libertarian Rantfest — Authority: 141
  I have all sorts of stuff in my head but am tired, hungry, thirsty, in the middle of an awkward freezing/ thawing cycle and scatter brained. Also I made a sort of promise to myself to write every day if possible, I didnt say anything about it being organized or good. Today I got to shoot mortars a bunch which was ...
  12 hours ago

• Bernanke Versus the Austrians

  
  Acton Institute PowerBlog — Authority: 516
  My essay in today’s American Spectator Online looks at why Ben Bernanke should not be confirmed to a second term as Chairman of the Federal Reserve: Two planks in Bernanke’s recovery strategy: Expand the money supply like a banana republic dictator and throw sackfuls of cash at failed companies with a ...
  15 hours ago

• Review: The $7 a Meal Healthy Cookbook

  
  Wannabe TV Chef — Authority: 118
    The Bikini Chef, Susan Irby , has just published another $7 a Meal cookbook.   The $7 a Meal Healthy Cookbook   (Adams Media) features over 300 nutritious, healthy recipes that you and your family will love.  Irby is a chef lebrity who has cooked with the likes of Todd English and Robert Irvine and ...
  17 hours ago

• DVD Review: Public Enemies

  
  Screaming Blue Reviews — Authority: 116
  Michael Mann’s disappointing gangland saga arrives on DVD and Blu-Ray this week.   The first half of the 1930’s, when America endured the worst of the Great Depression, also gave rise to a renewed public fascination with crime and the people who committed it. The bank robbers, outlaws, and gangsters of the ...
  22 hours ago

• Deflationary Economic Depression 2010, Ready Or Not Here It Comes!

  
  Stupidica — Authority: 177
  Deflationary Economic Depression 2010, Ready Or Not Here It Comes! Economics / Great Depression II Dec 06, 2009 - 08:31 PM By: Darryl R Schoon Much has been written about the Great Depression and the present crisis. There is much that is similar and some that is not. The differences explain why events have unfolded ...
  1 day ago

• Many companies beat their earnings expectations by lying about their earnings to the public.

  
  InvestmentWatch — Authority: 157
  First, they report their true earnings or losses to the SEC in order to fulfill their legal obligations. Which they call reported earnings. And which they try to sweep under the rug and hide from investors as quickly as possible. And then they strip out of their reported figures all of their expenses and losses that ...
  1 day ago

• US Taxpayers again forced into giving huge profits to the Middle East -

  
  InvestmentWatch — Authority: 157
  “Kuwait Investment Authority sells stake in Citigroup for £2.4bn after just two years Kuwait’s sovereign wealth fund has sold its stake in Citigroup for $4.1bn (£2.4bn) just two years after it invested in the US’s largest bank. By Ben Harrington Published: 7:39PM GMT 06 Dec 2009 The KIA made its $3bn ...
  1 day ago

• Important News - Dec. 06

  
  InvestmentWatch — Authority: 157
  The Days Ahead (Claire H.) In this interview John discusses looming hyperinflation, staggering unemployment, the reality of the US economy, the Fed’s inability to stimulate the economy, consumer’s inability to spend, the coming collapse of the US Dollar, how listeners need to prepare themselves for this crisis, ...
  1 day ago

• Robert P. Murphy–Videos

  
  Pronk Palisades — Authority: 474
    Unemployment: The 1930s and Today Bob Murphy, Author of the Politically Incorrect Guide to the Great Depression & New Deal   Robert Murphy: Busting the Myth of Green Jobs object width=”425″ height=”344″>   Robert P. Murphy – BookTV: The Politically Incorrect Guide ...
  1 day ago

• Deposits in Failed Banks as a Percent of GDP

  
  Wall Street Pit — Authority: 639
  Rolfe Winkler says suggestions that the current financial crisis was not as bad as the Great Depression are wrong and he offers this chart as evidence:He adds:If you add JP Morgan (JPM) and Wells Fargo (WFC) to the chart, it looks much worse. Goldman (GS) and Morgan Stanley (MS) don’t have...
  1 day ago

• 2015 – the post recessionary world

  
  2ndlook - View From A Square Prism — Authority: 395
  Hobsons choice? What is on the table Two of the G-7 countries are bankrupt – US and Britain. Their industrial base was supported by raw materials and captive markets – acquired by genocide , and the loot of centuries. European banks are emerging from the credit crisis bigger than before, ...
  1 day ago

• Cry for Me, Argentina

  
  One Man's Thoughts — Authority: 132
  In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain ’s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s ...
  1 day ago

• Economic Recession VS Economic Recovery

  
  THE WORLD ACCORDING TO DR CASTRO — Authority: 130
  Reading Mish Sci Fi Musings blog this morning made me feel sane again. Sometimes when I read headlines like these ones, I feel like I am going totally crazy! "yay, green shoots are seeing in our economy", or "job loses were not that bad in November", or like this one: "we came out of the greatest recession ever ...
  2 days ago

• Guest Post: Dividends Are Still Trending Worse Than The Great Depression

  
  zero hedge — Authority: 751
  Submitted by Thought Offerings With S&P 500 earnings reporting mostly (98%) complete for Q3 2009, its time for an update to the charts from Dividends, Earnings, and Stock Price Trends have Tracked the Great Depression . Thefollowing chart compares the decline in twelve month trailing earningsand dividends ...
  2 days ago

• The Great Wall Street Crash & Depression–Videos

  
  Pronk Palisades — Authority: 474
  1929 – The Great Wall Street Crash & Depression: Part 1 of 6 1929 – The Great Wall Street Crash & Depression: Part 2 of 6 1929 – The Great Wall Street Crash & Depression: Part 3 of 6 1929 – The Great Wall Street Crash & Depression: Part 4 of 6 1929 – The Great ...
  2 days ago

• Bud Willis is returning to Clarksville Tennessee to hold a book signing

  
  Clarksville, TN Online — Authority: 441
  Bud Willis will be at the Blackhorse Pub and Brewery on Franklin Street in Historic Downtown Clarksville from 3:00pm-6:00pm on Tuesday December 8th to speak, and sign copies of his recently published book, Bluestocking. Bud retired after a successful 34 year career in the securities business. Clarksvillians may ...
  2 days ago

• U.S. housing market meltdown not over yet

  
  Survival News Network — Authority: 142
  Mark Zandi, chief economist at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with Reuters home prices will resume their decline by early next year as foreclosure sales pick up again.“The housing crash is not over,” he said.The U.S. housing market has suffered the worst downturn since ...
  2 days ago

• Review: The Everything Pressure Cooker Cookbook

  
  Wannabe TV Chef — Authority: 118
  Originally posted at Well Fed on December 2, 2009. 1682, 12th April: I went this afternoon with several of the Royal Society to a supper which was all dressed, both fish and flesh, in Monsieur Papin’s digesters, by which the hardest bones of beef itself, and mutton, were made as soft as cheese, without water or ...
  3 days ago

• Capitalism, Why It Failed America? — Unemployment, More Than Doubled Since Bernanke Took Over as Fed chairman in 2006

  
  CRWE NEWS Financial Stock Market Website — Authority: 147
  _________________________________________FREE Daily Stock Alerts From DrStockPick.com_________________________________________Friday Dec. 4, 2009DrStockPick.com Report!**************************************************************Capitalism, why it failed AmericaCorporatism which has become symbolic of Capitalism and ...
  3 days ago

• Too Big To Fault, Say The Immoralists.

  
  Some of Patrice Ayme's Thoughts — Authority: 119
    NOT YOUR GARDEN VARIETY DEPRESSION. In a nutshell: the present crisis consists in a whole succession of crises imbricated like Russian dolls within each other, when they are not entangled in even more complex ways. Many of these crises are much graver than in those in the 1930s, because they belong to the ...
  3 days ago

Comments about Great Depression