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”

• Gold Is The Decade’s Best

  
  GreenLightAdvisor Views — Authority: 142
  By Frank Holmes CEO and Chief Investment Officer Happy holidays wishes to all, with a special season’s greetings to the permanent gold skeptics. The decade that ends next Thursday is on track to be the worst in recorded history for the U.S. stock market—worse than all of the many boom-and-bust cycles of the ...
  2 hours ago

• Gold Is The Decade’s Best

  
  GreenLightAdvisor Views — Authority: 142
  By Frank Holmes CEO and Chief Investment Officer Happy holidays wishes to all, with a special season’s greetings to the permanent gold skeptics. The decade that ends next Thursday is on track to be the worst in recorded history for the U.S. stock market—worse than all of the many boom-and-bust cycles of the ...
  2 hours ago

• Bears want a selloff badly

  
  BEANIEVILLE - a day trading, swing trading and investing blog — Authority: 139
  With all that effort, maybe the market might oblige and give them some bread crumbs. Where are all the bear gurus? With the SPX heading to 1230, then 1400, then 1500 next year, they should be hibernating. But some are still out there preaching the end of the world. They are masters only in their own heads, like ...
  12 hours ago

• Lets get serious again, Bears!

  
  BEANIEVILLE - a day trading, swing trading and investing blog — Authority: 139
  Remember this post back in October? I said to the bears to get serious and why they should get serious. I even talked about the Golden Cross , and it looks like were doing much better than we did in the 1930s. Now that they have effectively scared most people out of the market, lets hear it where the bears are ...
  15 hours ago

• Ben Bernanke :: Time Magazine Person Of The Year 2009

  
  White Rabbit Cult — Authority: 111
  The story of the year was a weak economy that could have been much, much weaker. How the mild-mannered man who runs the Federal Reserve prevented an economic catastrophe! Credit: Our good friend (and incredible artist!) Dan Lacey http://faithmouse.blogspot.com/ History is composed not only of what happened ...
  1 day ago

• Alert: “Prepare For Rebellion”, Obama Orders US-Canadian Troops

  
  Pak Alert Press — Authority: 598
  EU TimesKremlin position papers presented to Prime Minister Putin today on his upcoming meeting with NATO Secretary General Anders Fogh Rasmussen state that the European-US military alliance has authorized an ‘emergency request’ from President Obama to utilize American and Canadian NATO troops to put down what is ...
  2 days ago

• Panic in Detroit: Unemployment Stands at 50%

  
  Pak Alert Press — Authority: 598
  AOL’s job site reports the following:Nearly one out of two workers in Detroit are unemployed, according to a report by The Detroit News. It’s a figure far higher than the government’s official figure, which is still close to a staggering 30 percent.But the newspaper says that rate doesn’t take everything into ...
  2 days ago

• Guest Post: Interview With J.S.Kim

  
  zero hedge — Authority: 743
  Submitted by Ilene of Phils Stock World Introduction J.S. Kim is the founder ofSmartKnowledgeU™, an independent investment research and wealthconsulting firm. J.S. accurately called the recent global financialcrisis, sharing his thoughts on his investment blog , to his subscribers, and in a series of ...
  2 days ago

• Wall Street, the Depression and the Lords of Finance

  
  NYT > Theater — Authority: 904
  These six books — about financial history and how economics went astray — are informative and enjoyable.
  3 days ago

• A Partial Truce in the Religious Wars (Guest Voice)

  
  The Moderate Voice — Authority: 675
  WASHINGTON — It is 2009’s quiet story — quiet because it’s about what didn’t happen, which can be as important as what did. In this highly partisan year, we did not see a sharpening of the battles over religion and culture. Yes, we continued to fight over gay marriage, and arguments about ...
  3 days ago

• Dreaming this Christmas of stimulus powder

  
  Colorado Independent — Authority: 615
  For all of those grumbling about the President Obama’s wasteful stimulus spending on wine trains and golf courses, the Colorado Springs Gazette reminds us today that we have the New Deal to thank for at least two of Colorado’s ski resorts: Wolf Creek , and Monarch . Monarch Mountain (Flickr, zachd1 ...
  3 days ago

• My Government Went to COP-15 and All I Got Was This Lousy Economy

  
  American Conservative Daily — Authority: 464
  For Release : Immediate Contact : David Almasi at (202) 543-4110 or e-mail dalmasi@nationalcenter.org or Judy Kent at (703) 759-7476 or or e-mail jkent@nationalcenter.org “My Government Went to COP-15 and All I Got Was This Lousy Economy” Copenhagen, Denmark: Members of the 15th Conference of ...
  3 days ago

• New home sales drop as recovery teeters

  
  Business Finance & Economy - business.marc8.com — Authority: 165
  The housing market is in the midst of a rocky recovery, but it’s too soon to declare the end of one of the worst slides since the Great Depression.
  4 days ago

• The Oligarchy Wins Again!

  
  The LA Progressive — Authority: 485
  A 40-vote Republican minority in the United States Senate controls the destiny of all legislation aimed at addressing the nation’s most pressing needs after eight miserable years of Republican... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  4 days ago

• Power Begets Gold, then Gold Begets Power

  
  The Daily Reckoning Australia — Authority: 525
  The financial world is slowing down. Analysts...economists...and blabbermouths are getting ready for the holidays. The news flow is quieting. The noise is abating. So, lets talk about gold. But first...a note about the little train that couldnt. The Eurostar connects London and Paris. Last Friday, several trains ...
  4 days ago

• The reasons why fiscal stimulus may not work.

  
  InvestmentWatch — Authority: 157
  Credit financed the malinvestments and when you liquidate them in order to release capital banks must recognize their losses, which means they must take back from the economy the same amount of money they put into the economy with the original loan. If banks lack sufficient profits to extinguish loan losses then they ...
  4 days ago

• A brief timeline for the Great Depression. It COULD be worse

  
  InvestmentWatch — Authority: 157
  1928 • Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial. 1929 • Herbert Hoover becomes President. • Annual per-capita income is $750. More than half of all Americans are living below a minimum subsistence level. • Recession begins in ...
  4 days ago

• Krugman vs. Hudson on Samuelson

  
  Dollars & Sense blog — Authority: 421
  I was alerted by this post on Naked Capitalism to a back-and-forth between Paul Krugman and Michael Hudson on Paul Samuelson. It started when, on Dec. 14th, the day after Samuelson died, Counterpunch re-published a paper by Michael Hudson from back in 1970, shortly after Samuelson was awarded the ...
  5 days ago

• Throwing in the towel…

  
  Re: The People — Authority: 126
  With today’s revision of third quarter GDP, from 3.5 percent growth to 2.2 percent, it is clear that we were right: What failed in 2008 was not simply the five biggest investment houses on Wall Street, but the actual Rube Goldberg mechanism that is the American Dollar Empire itself.First, with Krugman, DeLong, and ...
  5 days ago

• Unforeseen Economic Collapse and Civil Unrest

  
  The Classic Liberal Blog — Authority: 526
  Actually, theres nothing "unseen" about the economic collapse currently taking place. Unless you listen to politicians, government officials and mainstream media talking heads, that is. After $1 trillion, reality wont conform WSJ The U.S. housing market continued to deteriorate in the third quarter as even the ...
  5 days ago

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