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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Original Technorati articles tagged “great depression”

• in Business
  Romney Energy View is a Windy Mess
  So while against the wind tax credit, the Romney campaign is still surprisingly committed to backing tax breaks for fossil fuels.
  by bluephoenixinc / on Aug 6, 2012
• in Business
  The Recession That Keeps on Going … Going … Going.
  Please change the batteries on this economy
  by taskmap / on Jul 13, 2011
• in Family
  Gas: Six Bucks a Gallon
  Many answers to the economic questions of 2011 can be found in the 1930s.
  by marjoriehaun / on Apr 21, 2011

Latest blogosphere posts tagged “great depression”

 

• Dont Worry About Todays Retirees: Boomers Are Fine, (but Gen X Isnt)

  
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  Filed under: Retirement Plans , Saving Alamy By NIN-HAI TSENG When the nations financial system almost crashed back in 2008, its easy to see why anyone approaching retirement would have panicked. They saw their lifelong savings plummet as home and stock prices spiraled. For 60-somethings, it seemed there ...
  3 days ago

• The Worst Hard Time

  
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  I’m nearly finished with Timothy Egan’s book The Worst Hard Time: The Untold Story of Those Who Survived the American Dust Bowl, and I highly recommend it. As with In the Heart of the Sea, I must confess that part of the pleasure of stories like this are the sense of relief that what is […]
  3 days ago

• The New New York Housing Bubble: Park Avenue “Maids Quarters” Studio For $3.9 Million

  
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  To those who have already submitted their applications to launder their cash buy an apartment or better yet, have already wired the money to purchase any of the still to be built residences at 432 Park, the 84-story giant that is set to become the tallest residential building in the Western hemisphere, ...
  4 days ago

• The New New York Housing Bubble: Park Avenue "Maids Quarters" Studio For $3.9 Million

  
  ZeroHedge — Authority: 722
  To those who have already submitted their applications to launder their cash buy an apartment or better yet, have already wired the money to purchase any of the still to be built residences at 432 Park, the 84-story giant that is set to become the tallest residential building in the Western hemisphere, ...
  4 days ago

• Obama Worse For Press Freedom Than Nixon: Goodale

  
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  There is that NiXON comparison again. James Goodale, who represented the New York Times in the Pentagon Papers case, tells Reuters Global Editor-at-Large Sir Harold Evans that President Obama is fast becoming the worst president ever when it comes to defending freedom of the press. Goodale is the author of ...
  4 days ago

• Nick Crafts: George Osborne Badly Needs to Study the Macroeconomic Leadership Secrets of Neville Chamberlain…

  
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  Nick Crafts: Escaping liquidity traps: Lessons from the UK’s 1930s escape : The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column argues that what drove this recovery was ‘unconventional’ monetary policy implemented not by the Bank of England but by the Treasury. ...
  1 week ago

• A Review Of The Stock Market Crash Of 1929

  
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  The great Wall Street Crash just previous to the Great Depression of the 1930s has become a part of North American legend. People speak of the crash, its causes and its consequences, with great authority, although few people actually understand the fundamentals that led to the crash, and fewer still the intricacies ...
  1 week ago

• Eyes of the Great Depression 091

  
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  Lower Douglas Street, Omaha, Nebraska; photographed by John Vachon for the Farm Security Administration in November 1938. Library of Congress image .
  1 week ago

• Family crime rings

  
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  Family crime rings – There are a lot of family crime rings in the past and present. Crime can be passed down from father to son (mother to daughter too), shared amongst cousins. Keeping it in the family seems to be a successful crime tactic! Family crime rings So lets take quick look at some of those crime rings! ...
  1 week ago

• American Girl Dolls Are Helicoptered, Too!

  
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  Readers — Here’s a phenom unbeknownst to me (a mom of boys): the de-adventuring of American Girl dolls. Once marketed as pint-size players in America’s great sweep of history, now they go to the spa. According to Amy Schiller in The Atlantic: With a greater focus on appearance, increasingly mild character ...
  2 weeks ago

• My John Maynard Keynes Lecture

  
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  Little more than quotes from Skidelskys three-volume Keynes biography strung together, with a little commentary and occasional quibbling… John Maynard Keynes J. Bradford DeLong Professor of Economics, U.C. Berkeley Econ 115 Lecture September 29, 2009 ...
  2 weeks ago

• Historian Reveals 6 Bourbon Myths

  
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  Manufacturing American bourbon whiskey involves the use of specific grain types and unique barrel wood for aging. While bourbon is made primarily in Kentucky, Bourbon can be distilled anywhere in the US. Historian Michael R. Veach reveals the true story of bourbon in Kentucky Bourbon Whiskey: An American Heritage ...
  2 weeks ago

• 11 Reasons Why The Federal Reserve Should Be Abolished

  
  ZeroHedge — Authority: 722
  Submitted by Michael Snyder of The Economic Collapse blog , If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of ...
  2 weeks ago

• The Hoover-Roosevelt Depression Revisited

  
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  mises.org  This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives. 1. He provides a restatement and extension of the Austrian theory of the business cycle (ABCT) while expertly defending the theory against critics; ...
  2 weeks ago

• Guest Post: Debunking The Keynesian Policy Framework: The Myth Of The Magic Pendulum

  
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  Submitted by F.F.Wiley of Cyniconomics blog, Way back in early March – before we witnessed new extremes in sloppy island bailouts and malicious economist witch hunts – I promised to “wield a ruler” and clear up some fallacies about the lengths of the things. The idea is that lengths are sometimes, well, ...
  2 weeks ago

• Guest Post: Debunking The Keynesian Policy Framework: The Myth Of The Magic Pendulum

  
  ZeroHedge — Authority: 722
  Submitted by F.F.Wiley of Cyniconomics blog , Way back in early March – before we witnessed new extremes in sloppy island bailouts and malicious economist witch hunts – I promised to “wield a ruler” and clear up some fallacies about the lengths of the things. The idea is that lengths are sometimes, ...
  2 weeks ago

• "This Is a Nightmare"

  
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  John Maynard Keynes: The Great Slump of 1930 : This is a nightmare, which will pass away with the morning. For the resources of nature and mens devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as ...
  2 weeks ago

• How bond market vigilantes force rates higher

  
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  I see that Paul Krugman has shifted his rhetoric in a recent post on British government economic policy. Let me explain how in this post so that I can make a point as to how bond market vigilantes actually work. In his post, Krugman points out is that the British government still wrongly believes in the confidence ...
  2 weeks ago

• Hats Off to Horner!

  
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  Henry Horner’s top hat connects us to a most interesting man from Chicago. Horner is best known as Illinois’s first Jewish governor (1932–40) but he had many other accomplishments as well. Born in Chicago, Horner was a descendant of Henry and Hannah (Dernberg) Horner, German Jewish settlers who arrived in the ...
  2 weeks ago

• Friday Photo: Advertising Butte

  
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  Are you planning a vacation this summer? Do you get ideas from travel brochures or magazines? Heres the cover of a pamphlet, published during the Great Depression, that aimed to lure tourists to Butte, Montana. Montana Historical Society Research Center Published in 1933 by the Butte Chamber of ...
  2 weeks ago

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