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”

• 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: 148
  _________________________________________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 ...
  8 hours ago

• Being Born and Busy Dying...

  
  The Celestial Navigator — Authority: 115
  Being the Story of a Homeless Woman; a Birthday, and Healthcare in America.... (Homeless woman; ca. 1930) This Wednesday, December 2nd, those few who were using Highway 500 in suburban Vancouver, Washington were either heading to or from shift-work or from an evening of recreational drinking.  What ...
  11 hours ago

• The Great Depression and the Current Recession–Robert Higgs–Videos

  
  Pronk Palisades — Authority: 429
    The Great Depression and the Current Recession (Part 1 of 9) The Great Depression and the Current Recession (Part 2 of 9) The Great Depression and the Current Recession (Part 3 of 9) The Great Depression and the Current Recession (Part 4 of 9) The Great Depression and the Current ...
  13 hours ago

• Obama Job Summit Deliberately Snubs Primary Job Creators

  
  Start Thinking Right — Authority: 429
  Do you remember Obama publicly attacking the U.S. Chamber of Commerce over it’s opposition to ObamaCare? Obama sure does. Barack Obama is a petty, vindictive man.  And petty men do petty, vindictive things.  He is the kind of man who deceitfully and cynically claimed that he would uniquely transcend the ...
  14 hours ago

• U.S. housing market meltdown not over yet

  
  Get Out of Dodge! — Authority: 135
  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 ...
  20 hours ago

• 60 Million U.S. Residents Are Without Bank Accounts

  
  EUR This N That | Urban Black News Blog — Authority: 142
  We, in the black community, probably thought it was only our Uncle Ray that was still using his mattress as his savings account, but according to a comprehensive survey by The Federal Deposit Insurance Corp. (FDIC) ”nearly 22 percent of black households and 71 percent of families earning less than $30,000 do not ...
  22 hours ago

• Bernanke: haunted by fear of another Great Depression

  
  Stupidica — Authority: 177
  Federal Reserve Bank chairman Ben Bernanke, who appears at a confirmation hearing Thursday for a second term, is a renowned expert on the Great Depression of the 1930s and is driven to avoid a repeat of such devastation. Original Article: Forum: News/Activism
  1 day ago

• The Fed and the Treasury leading us right to Great Depression 2.

  
  InvestmentWatch — Authority: 157
  So far, our government’s response to the financial crisis has been total denial, lack of transparency, and unwillingness to upset or anger financial power players and corporate elites. Half measures combined with wishful thinking and a wait-and-see attitude is not going to cut it. The U.S.Treasury as well as the ...
  1 day ago

• Robert Higgs on Bernanke and the Federal Reserve on Fox News “Feedom Watch”

  
  The Beacon — Authority: 597
  Independent Institute Senior Fellow Robert Higgs is interviewed here on Fox News “Freedom Watch with Judge Napolitano,” regarding the Federal Reserve. Based on his recent article, “A Reader’s Guide to Bernanke’s Preemptive Attack” on The Beacon , Dr. Higgs responds to the November 29th Washington ...
  1 day ago

• Americans Don’t Have Jobs, Will Ben Keep His?

  
  InvestmentWatch — Authority: 157
  Submitted By Dylan Ratigan posted on zerohedge.com You want to do something about jobs? Well, considering a different Fed Chairman might be a good place to start. Nothing would more clearly display the inability of our leaders to deal with the disastrous state of our economy than easily reconfirming Ben Bernanke ...
  1 day ago

• 1-Step Fix for the Economy

  
  Punchinello's Chronicles — Authority: 115
  The simplest possible way to fix the national economy would be to change the way we measure that economy. Instead of measuring how much people are spending, let’s totally get rid of the entire concept of “spending money” as any kind of useful information! Remove it totally! Blow it off completely!Remove entirely ...
  1 day ago

• Children’s Book Review: *Leah’s Pony* by Elizabeth Friedrich

  
  She Is Too Fond Of Books ... — Authority: 468
  Leah’s Pony by Elizabeth Friedrich, illustrated by Michael Garland Reading level: Ages 4-8 Paperback: 32 pages Publisher: Boyds Mills Press (September 1999) ISBN-13: 978-1563978289 Back-of-the-book blurb: Amid the Dust Bowl of the 1930s, Leah’s father is faced with the loss of the family farm and puts his ...
  1 day ago

• Corporate America’s Massive Cash Hoards

  
  GreenLightAdvisor Views — Authority: 142
  Michael Brush points out that American companies are sitting huge amounts of rainy day money, and they need to start spending again, or start paying some of it back to investors. The latter is the less likely, given that CEOs get nothing for hoarding cash. Knowing which companies will benefit from the spending ...
  1 day ago

• US Real Unemployment Numbers

  
  THE WORLD ACCORDING TO DR CASTRO — Authority: 425
  Unemployment in the United States has reached levels that are approaching us more to those of the  Great Depression (1929-32), and these numbers are the official ones of the BLS, Bureau of Labor Statistics.  We can only imagine how high the REAL numbers are. Take a look ate the California U6 unemployment measure, ...
  1 day ago

• Guest Post: Americans Dont Have Jobs, Will Ben Keep His?

  
  zero hedge — Authority: 752
  Submitted By Dylan Ratigan You want to do something about jobs? Well, considering a different Fed Chairman might be a good place to start. Nothing would more clearly display the inability of our leaders todeal with the disastrous state of our economy than easily reconfirmingBen Bernanke for another round at the ...
  1 day ago

• Homicide Rates Rise When Leadership Questioned

  
  Psych Central News — Authority: 540
  A new study finds that homicide rates in America may be linked to how people perceive government and leadership. An Ohio State University historian developed this hypothesis after reviewing the records of tens of thousands of homicides in the United States and western Europe over the past four centuries. He ...
  1 day ago

• Housing Crisis Far From Over

  
  LoanWorkout.org — Authority: 147
  “The housing crash is not over,” Zandi said.The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.Mark Zandi, chief economist at Moody’s Economy.com in West Chester, Pennsylvania, ...
  1 day ago

• 70% of Vegas Homeowners Under Water

  
  LoanWorkout.org — Authority: 147
  A new report shows 69.5 percent of homeowners in Las Vegas are underwater on their mortgages.Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69.5 percent.The Greater Las Vegas Association of Realtors, however, reported the ...
  1 day ago

• Questions for Bernanke

  
  Economix — Authority: 734
  Ben S. Bernanke will appear today before the Senate Banking Committee to begin his reconfirmation process as chairman of the Federal Reserve Board. An economist offers three big questions for him.
  1 day ago

• Get Real about Jobs

  
  ThinkMarkets — Authority: 567
  by Chidem Kurdas Today President Obama is holding a jobs summit, with the professed goal of soliciting ideas to encourage businesses to hire. Short-term tax credits for employers are among the measures mentioned . Yesterday here on ThinkMarkets Mario Rizzo pointed to the distorting impact of such proposals and ...
  1 day ago

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