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”

• The Man Who Predicted The Great Depression

  
  Veritas Vos Liberabit — Authority: 437
  Ludwig von Mises explained how government-induced credit expansions led to imbalances in the economy. By Mark Spitznagel from the WSJ, The Man Who Predicted the Depression , Ludwig von Mises was snubbed by economists world-wide as he warned of a credit crisis in the 1920s. We ignore the great Austrian at our ...
  7 hours ago

• What Is Inflation and How Do You Measure It?

  
  Veritas Vos Liberabit — Authority: 437
  What Is Inflation and How Does One Measure It? by Michael Shedlock To understand inflation, one must first understand what money is and how to measure it. Please read What is Money and How Does One Measure It? before attempting to understand what follows. Unfortunately there is no general agreement as to the ...
  7 hours ago

• Interview with Rupert Murdoch, The Guy Who wants to charge for Content on the Internet

  
  My Philly Network — Authority: 141
  video YouTube - Sky News - Interview with Rupert Murdoch It’s a great plan that will fail miserably. This will lead to a “better” plan that everyone can deal with. Sounds kinda familiar right MSFT ?
  9 hours ago

• The Economy Is Going To “L”

  
  Making Money Online — Authority: 123
  The differences between an economic recession and a depression are typically a matter of duration and amount of (that is, lack of) economic activity. Categories Recessions can also be categorized.  There are four types of recession that are referred to by analysts and they are as follows: V, W, U and L.  The ...
  12 hours ago

• Fools Born to Buy Debt Allow Wall Street Exports to Boom

  
  Rich Credit Debt Loan — Authority: 547
  With the fall of the stock market, the collapse of the economy became clear. The real driving force behind it, however, was the failure and dropping confidence in the largest bond market of the world. Known as structured finance, it has led to a crisis which rivals the Great Depression, as well as brought about the ...
  14 hours ago

• Sumner on Monetary Policy

  
  EconTalk — Authority: 560
  Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. Sumner argues that tight money in late 2008 precipitated the recession. He argues that the standard measures of monetary policy--growth in reserves or the Federal Funds ...
  14 hours ago

• U.S. citizens are joining immigrants in store parking lots for Day Labor work

  
  Get Out of Dodge! — Authority: 135
  It sounds like a George Lopez joke. “Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.” Except it’s true. In the latest sign of the Las Vegas Valley’s economic free fall, U.S. citizens are starting to show up in the early mornings outside home improvement stores and ...
  15 hours ago

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  eReleases Press Release Headlines — Authority: 150
  
  16 hours ago

• What can Swiss Banks Give the World now?

  
  IRS Tax Problem Solver Blog - IRS Help — Authority: 127
  Take away the bastion of secrecy from Swiss banks and what do they have left? With the damage to Swiss secrecy laws by the recent IRS UBS bank agreement, it is surprising that bank chief Oswald Grubel still sees a bright future for Swiss banking. But is he entirely wrong? Perhaps to answer that question, one needs ...
  23 hours ago

• Be Prepared, The Worst Is Yet To Come

  
  Bible Prophecy In The News — Authority: 467
  The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to [...]
  1 day ago

• Comparing the 2008-09 Stock Market With the Great Depressions 1st Leg Down

  
  Commodity Bull Market — Authority: 421
  This epic stock market rally has done exactly what it was supposed to do - its retraced about half of the losses from the previous crash. Its got folks feeling comfortable again - while maybe not outright enthusiastic about things, they now believe the carpet is not going to be pulled out from under them. Thats ...
  1 day ago

• Distressed Homeless & Fat Squirrels

  
  Fox Home — Authority: 468
  Walking along the usual route to the local supermarket, between the Manhattan Island New Amsterdam era botanical museum and the Community Garden, was a homeless man lying in the middel of the walkway between these tree and flower filled spaces on one side, NYU faculty housing and the Morton Williams supermarket on the ...
  1 day ago

• More Evidence of Current Regime Uncertainty?

  
  The Beacon — Authority: 630
  In a November 3 article , the Wall Street Journal reports that corporate cash holdings have reached extraordinary levels: Stung by the financial crisis, companies are holding more cash — and a greater percentage of assets in cash — than at any time in the past 40 years. In the second quarter, the 500 largest ...
  2 days ago

• OMG: Broader Measure of U.S. Unemployment Stands at 17.5%!!!

  
  InvestmentWatch — Authority: 449
  “The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time. With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in ...
  2 days ago

• Greatest Bridge Collapse in US History Captured in video and photos

  
  Symon Sez — Authority: 428
  Tacoma Narrows Bridge: A Big Mistake O n This Date In History: On this date in 1940 one of the greatest engineering boondoggles was uncovered in Washington. The Tacoma Narrows Bridge opened in July 1940 to great fanfare. With a span of 2800 feet, it was the third longest bridge in the world. The builder decided ...
  2 days ago

• Real Unemployment Rate : Closing in on the Great Depression

  
  The Rag Blog — Authority: 540
  Good times around the corner?Real unemployment rate at 17.5 percentThis economic disaster was created by far too many years of Reagan-Bush-supply-side-trickle-down-union-busting-corporate-welfare-market-driven economic policy.By Ted McLaughlin / The Rag Blog / November 7, 2009Yes, I know the federal government says ...
  2 days ago

• AMERICA COLLAPSES WHILE WALL STREETS PARTIES

  
  InvestmentWatch — Authority: 449
  “Gloomy times for commercial real estate” By Carolyn Said http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/06/BUO71AFVTV.DTL&type=business Personal bankruptcies have now hit a record high of 1.4 million this year and are soaring at a record rate. Foreclosures on residential properties are running ...
  2 days ago

• Children’s Books: Blowin’ in the Wind

  
  NYT > Theater — Authority: 915
  A Dust Bowl farm in the Texas Panhandle, photographed by Dorothea Lange, from “Years of Dust.”
  3 days ago

• Lousy Jobs, In Such Small Portions

  
  Liberty Maven Liberty Maven: For Liberty, One Individual At A Time — Authority: 538
  by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse Two dissatisfied customers comment about a restaurant. One says, “The food here is terrible.” The other replies, “I know, and such small portions!” In many ways, they could be ...
  3 days ago

• Bank of England says financiers are fuelling an economic doom loop

  
  Family: News and advice on family matters children and parents — Authority: 974
  The banking sector must be overhauled as profoundly as in the wake of the Great Depression or financiers will game the state over and over again.
  3 days ago

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