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”

• Brad DeLong’s five percent solution… (2)

  
  Re: The People — Authority: 131
  CONTINUED FROM HERESince you have now exhausted your capacity to absorb any more debt in the run up to this Great Recession, Brad Delong has a solution: It is time to max out the credit limit of the United States federal government as well.That’s it – that’s the DeLong five percent solution. The federal ...
  23 hours ago

• New gold bugs making gold investments mainstream

  
  Stupidica — Authority: 173
  Nov. 23, 2009, 11:44 a.m. EST New gold bugs making gold investments mainstream Tudor, Paulson, Greenlight, Hayman bring precious metal in from the fringe By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Gold has long been favored by a fringe of the investment world, but this year some of the worlds leading ...
  23 hours ago

• Blacks hit hard by economy’s punch

  
  Business Finance & Economy - business.marc8.com — Authority: 166
  Joblessness for 16-to-24-year-old black men has reached Great Depression proportions — 34.5 percent in October, more than three times the rate for the general U.S. population.
  1 day ago

• If there is a second downturn like in the Great Depression it will be a doosey.

  
  InvestmentWatch — Authority: 155
  The government and the Fed can do no more than they already have, if not less. You can’t go lower than 0 fed funds rate, QE is already in place, the Federal Reserve is backstopping bonds which is just a form of unreported redivatives, and the government is already bushing the barrier on US Treasury bonds they can ...
  1 day ago

• Keeping Your Money Safe in Economic Turmoil

  
  Rich Credit Debt Loan — Authority: 522
  While many are reacting to the news of bank failures and bailouts badly, there are a few people that are taking the time to assess the situation and figure out what they can do to stay on top, and keep their money safe. Panic is an ugly thing, especially when it involves money. Britain has already seen a run on ...
  1 day ago

• Boundary Bay Brewery Relives the Roaring Twenties

  
  Bellinghams Best Beer — Authority: 120
  Ah, the 1920’s…the decade of bathtub gin, the model T, speakeasies , flappers and gangsters.  Referred to as the Roaring Twenties and The Jazz Age , it was a period of American prosperity and optimism.  A time of great social upheaval and change…the most explosive decade of the century.  Women were granted ...
  1 day ago

• And Here Comes the Next Mega-Crisis!

  
  Wall Street Pit — Authority: 637
  The Dow fell slightly on Friday. Oil ended the week at $77. The dollar went nowhere.But gold rose to a new high – $1,146.Whatever else may be going on, there’s a real bull market in gold. It’s a bull market that began ten years ago. If you’d bought stocks then, you’d have about what you [...]
  1 day ago

• Not Your Granddaddy’s Unemployment

  
  Cafe Hayek — Authority: 674
  Here’s a letter that I sent yesterday to the Washington Post : Your front-page story on talented, credentialed, and underemployed Melissa Meyer should dispel the notion that today’s economic troubles are comparable to those of the Great Depression (” In recession, one road led back home ,” Nov. 22). Photos ...
  1 day ago

• Albert Edwards Calls For The Next Black Swan: Expect Yuan Devaluation Following Deep 2010 Downturn

  
  zero hedge — Authority: 768
  With everyone and their grandmother screeching that it is about time for China to inflate the renminbi, despite that such an action would be economic and social suicide for the worlds most populous country, SocGens Albert Edwards once again stalks out the Black Swan in left field and posits the contrarian view de ...
  1 day ago

• Something everyone should be aware of

  
  Stix Blog ver 4.0 — Authority: 157
  Do I think we are heading into the Next Great Depression????    Well, if we keep on spending like we are now, I think we may very well may see the next Great Depression.  The uneployment statitstics are trending the same direction as Great Depression : Also remember the Stock Market did not crash ...
  1 day ago

• Menacing Krugman

  
  Cafe Hayek — Authority: 674
  Here’s a letter that I sent today to the New York Times : Paul Krugman insists that the nearly ten trillion dollars of projected U.S. government budget deficits over the next decade is a “phantom menace” (” The Phantom Menace ,” Nov. 23).  The real problem, according to Mr. Krugman, is that ...
  1 day ago

• Great Depression Cooking

  
  BANDIT — Authority: 131
    So your bank account is not a fat as is used to be, what do you do? - Do you change your interior decorating habits, and forget about feng sui? - Do you look at you closet, and ask youself if you really need one in every colour? - Do you wonder about the car, and ask yourself if you can downgrade or catch the ...
  1 day ago

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  eReleases Press Release Headlines — Authority: 538
  
  1 day ago

• The Federal Reserve is fundamentally a scam, run by big international and foreign banksters.

  
  InvestmentWatch — Authority: 155
  They have monetary diarrhea because it benefits the big banks, right at this moment, to have that. The actions of the Fed have absolutely NOTHING to do with the best interest of the people of the U.S.A., or, for that matter, small to medium sized financial institutions. It is all about the big international casino ...
  2 days ago

• Reinhart on Financial Crises

  
  EconTalk — Authority: 558
  Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). They discuss the role of capital inflows in financial crises, the challenges of learning the right lessons, ...
  2 days ago

• Hard Times

  
  Darlene's Hodgepodge — Authority: 462
  On my last post I made the statement that this is the worst economic downturn I could remember since the Great Depression.  That prompted a comment requesting me to write about the Great Depression and how it impacted my life.   The economists keep telling us that we are in a Recession and that the stimulus ...
  2 days ago

• Government Responds to Economic Woes by Making More Bad Mortgage Loans

  
  The Beacon — Authority: 616
  Since the summer of 2008, the U.S. Treasury and the Fed have initiated a welter of new spending, lending, and subsidizing programs ostensibly aimed at steming the recession that began early in that year and deepened quickly in its last quarter and in the first quarter of 2009. Among the most notable of these programs ...
  2 days ago

• One in Seven U.S. Mortgages Foreclosing or Delinquent

  
  War On You: Breaking Alternative News — Authority: 570
  Via: Reuters : A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best. U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure ...
  2 days ago

• *Photographers Corner- The Great Depression Photographs Of Doroteha Lange

  
  AMERICAN LEFT HISTORY — Authority: 150
  Click on title to link to "Wikipedias" entry for the great photographer Dorothea Lange.
  2 days ago

• Photographers Corner- The Great Depression Era Photographs of Dorothea Lange- A Book Review

  
  AMERICAN LEFT HISTORY — Authority: 150
  Click on title to link to Jonathan Rabans "The New York Review Of Books" article reviewing Linda Gordons "Dorothea Lange: A Life Beyond Limits".
  2 days ago

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