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”

 

• 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 ...
  1 week 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 ...
  1 week ago

• Historian Reveals 6 Bourbon Myths

  
  FriendsEAT.com — Authority: 141
  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 ...
  1 week ago

• 11 Reasons Why The Federal Reserve Should Be Abolished

  
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  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 ...
  1 week ago

• The Hoover-Roosevelt Depression Revisited

  
  InvestmentWatch: Emerging markets, Real Estate, Personal finance, Business management, Politics, Economics — Authority: 556
  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; ...
  1 week 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, ...
  1 week 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, ...
  1 week 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 ...
  1 week 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

• Eyes of the Great Depression 090.

  
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  Watching Armistice Day parade, Omaha, Nebraska; photographed by John Vachon for the Farm Security Administration in November 1938. Library of Congress image .
  2 weeks ago

• Tahleen reviews: "Wonder Show" by Hannah Barnaby

  
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  Title : Wonder Show Author : Hannah Barnaby Publisher : Houghton Mifflin Books for Children, 2012 Rating : 4 stars This was one of the contenders for the Morris Award this year, given to the best debut young adult title (first book to be published by the author in any genre and for any audience). While I can ...
  2 weeks ago

• Waters of Spring

  
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  As perhaps you already know, things tend to come in bursts here. The good and the bad. You may get several posts one week, none the next.     If I were talking too much about my own personal ups and downs here, that would limit the value and scope of this blog. Instead I keep trying [...]
  3 weeks ago

• Galbraith on Inequality

  
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  James Galbraith of the University of Texas and author of Inequality and Instability talks with EconTalk host Russ Roberts about inequality. Galbraith argues that much of the mainstream analysis of inequality in the economics literature is flawed. Galbraith looks at a variety of different measures and ways of ...
  3 weeks ago

• Use Pinterest to Save Money

  
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  Use Pinterest to Save Money is a post originally published on: Everything Finance - Everything Finance - Its all about Money! Have you looked around Pinterest?  Or, are you a Pinterest member who has to spend a few minutes (or more) every day browsing and pinning?  (It’s addictive, I tell you!) I recently ...
  3 weeks ago

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