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”

• Everything Old Is (Really Not) New Again

  
  zero hedge — Authority: 761
  By Marla Singer and Geoffrey Batt Everything old is new again.  Except... not really.  Go back, for instance, to September 1974. Click to Play Black and white television is not, as it happens, new again.  True, Steve Jobs is already wearing black turtleneck and glasses, but hes named William Simon.  A ...
  10 hours ago

• The Great Depression America in the 1930’s Review & Giveaway!

  
  Frugal Plus — Authority: 551
  Paperback: 384 pagesPublisher: Back Bay Books (October 29, 2009)ISBN-10: 0316080438ISBN-13: 978-0316080439The Great Depression of the 1930s turned the lives of ordinary Americans upside down, leaving an indelible mark on the nation’s psyche. The Great Depression: America in the 1930s is award-winning historian T. H. ...
  1 day ago

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

  
  Survival News Network — Authority: 143
  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 plant ...
  1 day ago

• New York Will No Longer be Among World’s Five Largest Cities

  
  The Daily Reckoning Australia — Authority: 551
  It was pouring rain in Manhattan when I tried to begin my long journey back to my hometown in Maryland. There was a long line for cabs, and I had to get to Penn Station to catch a train. So I took a bicycle rickshaw whose driver was eager for business. "The only way to travel in Manhattan," he said. He was a stout ...
  1 day ago

• The fall of the Berlin Wall: 20 years later

  
  Indus Asia Online Journal (iaoj) — Authority: 439
  by Alan Woods, London Courtesy: Marxist.com , Monday, 09 November 2009 Twenty years ago as the Berlin Wall came tumbling down the bourgeoisie in the west was euphoric, rejoicing at the “fall of communism”. Twenty years later things look very different as capitalism has entered its most severe crisis since ...
  1 day ago

• 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 ...
  1 day 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 ...
  1 day ago

• Fed Opposed by Left and Right

  
  Cato @ Liberty — Authority: 744
  On its front page today, the Washington Times reports that expanded powers for the Federal Reserve are being opposed by “odd allies.”  The Fed’s imperial over-reach for additional regulatory powers is being opposed by Democrats and Republicans, and liberals and conservatives alike.  As well it should ...
  1 day ago

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

  
  My Philly Network — Authority: 142
  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 ?
  1 day ago

• The Economy Is Going To “L”

  
  Making Money Online — Authority: 124
  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 ...
  1 day ago

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

  
  Rich Credit Debt Loan — Authority: 556
  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 ...
  2 days ago

• Sumner on Monetary Policy

  
  EconTalk — Authority: 566
  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 ...
  2 days 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 ...
  2 days ago

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  eReleases Press Release Headlines — Authority: 448
  
  2 days ago

• What can Swiss Banks Give the World now?

  
  IRS Tax Problem Solver Blog - IRS Help — Authority: 128
  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 ...
  2 days ago

• Be Prepared, The Worst Is Yet To Come

  
  Bible Prophecy In The News — Authority: 466
  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 [...]
  2 days ago

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

  
  Commodity Bull Market — Authority: 420
  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 ...
  2 days ago

• Distressed Homeless & Fat Squirrels

  
  Fox Home — Authority: 467
  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 ...
  2 days ago

• More Evidence of Current Regime Uncertainty?

  
  The Beacon — Authority: 629
  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 ...
  3 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 ...
  3 days ago

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