Category: Economic Depression
The analysis published under this category are as follows.
Sunday, February 05, 2012
Look at What 'Worked' in the Great Depression / Economics / Economic Depression
By: Jesse
Here is a fairly simple picture of some of the major metrics during the Great Depression. Too simple yes, but it tracks most of the major indicators.
Hoover followed a policy of 'deleveraging,' that is, allowing for the economy to liquidate its prior excesses without changing much else. The Fed did respond to this crisis by expanding the monetary base fairly significantly as you can see.
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Monday, October 24, 2011
The Great Depression 80 Years Later, Same Culprits, Same Rage / Economics / Economic Depression
By: James_Quinn
The young man stands on the edge of his porch
The days were short and the father was gone
There was no one in the town and no one in the field
This dusty barren land had given all it could yield
I've been kicked off my land at the age of sixteen
And I have no idea where else my heart could have been
I placed all my trust at the foot of this hill
And now I am sure my heart can never be still
So collect your courage and collect your horse
And pray you never feel this same kind of remorse
Dust Bowl Dance - Mumford & Sons
Saturday, October 22, 2011
Revisionist History and the Great Depression / Economics / Economic Depression
By: Andy_Sutton
Over the past several years, the term ‘Great Depression’ has made a grand re-entry into the American mainstream and has as a consequence become perhaps one of the most misunderstood terms. We are told it was everything that it wasn’t and that it wasn’t everything that it was. Like many important historical events, there is a good bit of revisionist history at work with regards to those dark 12 years in American history when it seemed as though there was nothing but despair and governments tripping over themselves to fix something they didn’t have the tools or the business monkeying with in the first place. Think of it like a butcher going to work on the engine of a ’57 Chevy with baseball bat. The results are predictable.
Tuesday, August 23, 2011
The "Great Depression" and the "Great Recession" FAQ / Economics / Economic Depression
By: Asha_Bangalore
There have been frequent questions from clients and partners about the “Great Depression” and the recent recession, which is often called the “Great Recession.” Here are five important aspects that should help to put the two periods in historical perspective.
Wednesday, July 13, 2011
Politicians Repeating Public Proclamations & Denouncements of Early-1930s / Politics / Economic Depression
By: Aftab_Singh
In light of the monetary woes that have spread across the globe, I thought I’d demonstrate that the continuing montage of oratory acrobatics coming from our politicians are not a new thing. Here, I show a few examples of the demagogic proclamations that emerged during the early-1930s.
Monday, November 15, 2010
The Great “Depression” / Economics / Economic Depression
By: Howard_Katz
Today I would like to continue my discussion of the (so-called) Great Depression as this is the giant lie which is behind most of the other economic lies which have deceived so many people and cost them so much money.
What is a depression? It is a period in a country’s economic history where the large majority of the people become poorer. It is alleged that such a period occurred in the early 1930s. I have pointed out previously that Economic Statistics of the United States, Colonial Times to 1970, reports that during this period Americans shifted from margarine to butter. They increased their per capita meat consumption (from 129 lb to 144 lb.). And they gave (substantially) more to charity. Further, real wages rose during this period, and the savings of the average American increased in value (buying power) by 30%. This does not sound like a getting poorer to me.
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Wednesday, June 30, 2010
The Economics of Great Depression Scrip / Economics / Economic Depression
By: Clifford_F_Thies
According to Paul Krugman, a contributing cause to a depression is hoarding and, concerning this, I have no real quarrel.[1] It is concerning the ability of the market to address the problem of hoarding, versus the need for government intervention because of hoarding, on which I disagree.
Friday, November 27, 2009
The Forgotten Economic Depression of 1920 / Economics / Economic Depression
By: Thomas_E_Woods
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so.
Far from viewing the past as a potential source of wisdom and insight, political regimes have a habit of employing history as an ideological weapon, to be distorted and manipulated in the service of present-day ambitions. That's what Winston Churchill meant when he described the history of the Soviet Union as "unpredictable."
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Tuesday, November 24, 2009
The Great Depression of the 14th Century / Economics / Economic Depression
By: Murray_N_Rothbard
Most people — historians not excepted — are tempted to think of economic and cultural progress as being continuous: in every century people are better off than in the one preceding. This comforting assumption had to be given up quite early when the Dark Ages ensued after the collapse of the Roman Empire. But it was generally held that after the "renaissance" of the 11th century, progress in western Europe was pretty well linear and continuous from that point to the present day.
Friday, October 30, 2009
Krugman, The Gold Standard and the Great Depression / Economics / Economic Depression
By: Robert_Murphy
Paul Krugman has concentrated his fire recently on those "thumping their chests" over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman's view, a simple look at the historical facts will show that it was a superstitious fetish for the yellow metal that prolonged the Great Depression.
Monday, September 07, 2009
Robert Prechter Warning Economic Depression and Financial Crisis Worse To Come / Economics / Economic Depression
By: EWI
Dear reader,
Robert Prechter of Elliott Wave International in his recent 10 page newsletter (download for free) challenges the economic recovery hype with hard facts and independent analysis, and insightful charts. You’ll find out why the worst is NOT over and what you can do to safeguard your financial future.
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Monday, August 10, 2009
Is Everything You Learned about the Great Depression Wrong? / Economics / Economic Depression
By: Q1_Publishing
What if I asked you to forget everything you ever learned about the Great Depression?
You’d say I was crazy.
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Sunday, June 28, 2009
Ben Bernanke on the Great Depression / Economics / Economic Depression
By: Clif_Droke
A major result of last year’s credit storm is a lingering sense of dread and foreboding among investors. Many are waiting for the proverbial “other shoe to drop” as the memories of last year’s crisis, and its attendant economic effects, are still fresh in mind.
Wednesday, June 24, 2009
The Great Depression Revisited / Economics / Economic Depression
By: MISES
Hans F. Sennholz writes: Although the Great Depression engulfed the world economy many years ago, it lives on as a nightmare for individuals old enough to remember and as a frightening specter in the textbooks of our youth.
Some 13 million Americans were unemployed, "not wanted" in the production process. One worker out of every four was walking the streets in want and despair. Thousands of banks, hundreds of thousands of businesses, and millions of farmers fell into bankruptcy or ceased operations entirely.
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Tuesday, June 23, 2009
A Tale of Two Economic Depressions / Economics / Economic Depression
By: John_Mauldin
This week's Outside the box looks at some very interesting research done by two economic historians, Barry Eichengreen of the University of California at Berkeley and Kevin O'Rourke of Trinity College, Dublin They give us comparisons between the Great Depression and today's downturn. They continue to update their data from time to time, the link to their work is at http://www.voxeu.org/index.php?q=node/3421. I have not previously heard of www.voxeu.org, but it is a collection of the work of well regarded international economists that seems quite interesting for those who enjoy readings in the dismal science.