Wednesday, September 16, 2009

See if anything sounds familiar


This page features two timelines: the first for general events of the Roaring 20s and the Great Depression, the second for leading economic indicators. The importance of these timelines cannot be emphasized enough. Seeing the order in which events actually occurred dispels many myths about the Great Depression. One of the greatest of these myths is that government intervention was responsible for its onset. Truly massive intervention began only under the presidency of Franklin Roosevelt in 1933, who was sworn in after the worst had already hit. Although his New Deal did not cure it, all the leading economic indicators improved on his watch.

Posted by mark @ 11:43 AM (920 views)
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2 thoughts on “See if anything sounds familiar

  • great article…interesting to see unemployment rate higher than in 1930….BUT did you know that if you add the people who could work but have given up and don’t claim benefit and people on incapacity benefits etc the rate is actually an astonishing 16.8%!

    Note also that contrary to most views,the fed actually DID some quantative easing but just stopped printing money which seems sensible

    At no point did they pull money out

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  • 1920-1928 sounds a bit like the last ten years in this country

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