In the years prior to the Great Depression, were there any signs or indicators of what was to come and if so..

Question

are any of those signs present today?

Answer 1

That is a very interesting question, I thought about it a lot.

So, I guess, that situation is not to be reproduced these days completely. That is why we can't rely on the most of those "warning signs".

Farmers overproduction, for instance, was important for the industrial society, but play a lesser role today, when the agriculture is driven by corporations.

I would say, there are two sure signs:
- Overheating in the market - a boom (stocks, real estate - you name it).
- Huge external debt

And two sure reasons that the GDII is definitely coming:
1. Sudden appearance of a huge quantity of sellers on the stock market - retired babyboomers.
2. The cyclical nature of economy.

Answer 2

Where is the cash and the way are we able to get a few of it good the cash is at the sidelines and doing most likely not anything for the country. The men and women with the cash and vigor are looking to weigh down the loose spirit of the running categories. The wealthy are keeping out and not anything goes to occur. The tremendous vote is the aspect cash that's slowing our development. The entire factor might be constant in a couple of days with trust in countrywide home safety. There isn't one individual who can lead in some other celebration however they only sit down on their arms and hold cash from the banks and funding residences. The forex can be valued at plenty much less due to the fact there is just one factor left for this president and that's to print cash and hand it out. That is inflation, the wealthy might sluggish the soreness and deliver the wellbeing again to all Americans.

Answer 3

The place is the cash and the way will we get a few of it well the money is on the sidelines and doing absolutely nothing for the nation. The men and women with the money and vigour are trying to crush the free spirit of the working lessons. The rich are keeping out and nothing goes to occur. The big vote is the side money that is slowing our growth. The entire thing would be constant in a few days with confidence in countrywide home security. There's now not one character who can lead in another party however they only sit on their fingers and hold money from the banks and investment houses. The foreign money shall be worth loads less for the reason that there is only one thing left for this president and that is to print cash and hand it out. That's inflation, the rich would gradual the affliction and convey the wellness back to all americans.

Answer 4

I would say so. It was the result of stock market crashed in 1929, which led to the great depression. There'll always be predictors of the stock market of toady and tomorrow foreseeing crashes. But I can tell you couple things of that. Similar situations were predicted back in the eighties, and nothing came of the predictions -- the stock market did not crashed and no depression occured. Since the great depression, I believed economists had gotten smarter and so did our government. Our government would make every effort now to have similar thing happen like in 1929. For instance, in the mid nineties Clinton hired Alan Greenspan, an economist, as financier who makes sure the economy is stable. you should subscribe to Wall Street journal if you're intereste in this kind of things. Good enough, yes?

Answer 5

Yes. The signs were monopolies thanks to Hawley Smoot Tariff, Mafia rule thanks to prohibition, and overproduction in the farms.

These signs are not present today. However, the chances of this coutry heading into depression are high because we have too many depts to pay.

Answer 6

Signs were there, but the significance of those signs was unclear; Keynes' "General Theory" was not published until 1936...

Answer 7

it was an accounting problem. at least that's what they taught in accounting class! the Enron scandal would be a good present day example. what if all or most or even a large portion of businesses today were doing that, what would happen? well, that's what happened.