is comming back?
2007-08-28 13:57:18 · 9 answers · asked by questioning34242 1 in Politics & Government ➔ Other - Politics & Government
One of the causes of the great depression was the overuse and easy access to lines of credit which was used by many to invest in the stock market.
If stocks performed well, the loans were in no danger of default.
But many stocks were over sold or marketed under less than honest conditions, being sold and bought for more than they were truly worth.
There was stock manipulation back then too.
Eventually reality kicks in and somebody has to be paid - that's when the whole pyramid scheme collapses on itself because there wasn't enough money to allow people to be paid in real currency.
Banks closed, some went bankrupt, because of the shoddy loans so people could participate in the stock market and get rich.
The only major country to NOT be affected by the great depression was Russia - they were under a totally isolated, different economic system, not connected to western markets at all, so the Russian economy was unaffected by the depression and it's effects throughout North America and Europe.
so look at today's economic conditions, the interest rates, the ease or difficulty of credit, and see whether the underlying conditions which fueled the great depression have been removed or have simply been repainted a different color.
2007-08-28 14:48:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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Depression Free Method?
2016-05-16 09:25:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
First, they could have the automobile businesses document financial ruin 11. which will kill the Union. could be non voided. The Union costs various funds, and that they get thank you to plenty from the automobile businesses. Then, enable the credit businesses provide credit Debt Forgiveness. They offered some days in the past. yet, those in Washington mentioned No! Then, make the Banks decrease the loan costs for a minimum of a twelve months. do no longer Tax companies for a limited time. devoid of company, we are able to go through with small businesses. provide small enterprise a tax smash additionally, for a pair of twelve months. Have all States, Re evaluate the valuables Taxes. decrease them somewhat for approximately 2 years. the two do a flat Tax or The honest Tax. do no longer improve Capital helpful properties, or demise Taxes for 2 twelve months minimum. Make a regulation for scientific coverage to flow to a share, commencing with a relations of four. 2 adults and 2 toddlers. If one has greater youngsters, provide them a share is extremely at the back of greater advantageous. What some don't get, is a few households merely save popping out the toddlers. they could be responsible for that. noticeably, get the unlawful's out of our usa. safeguard the Border. Do commerce with Columbia, and faze out commerce with China. some innovations for a initiate.
2016-10-09 09:50:05 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The Great Depression was in the 30s. It was precipitated in part by a stock market crash in '29, but didn't start immediately.
The business cycle continues, so there are expansions and recessions, but they are muted somewhat by government policy. In the 70s, those policies failed rather spectacularly, but, even then, the results were not as stark as the Great Depression.
We're certainly on track for another recession, and we've had a change of leadership at the Fed, so it's not like there's no cause for concern, but a global recession on the scale of the 30s is unlikely.
2007-08-28 14:04:41 · answer #4 · answered by B.Kevorkian 7 · 0⤊ 1⤋
It will be back.
They might switch it up a little and make the North American Union to its fullest.(look up the NAU). Then we will have one currency called the Amero. Think about that.
2007-08-28 14:07:11 · answer #5 · answered by s l 3 · 1⤊ 0⤋
All the American money is going overseas.. and the Federal Reserve just keeps printing more to replace it. BOOM!!!
2007-08-28 14:11:39 · answer #6 · answered by Anonymous · 1⤊ 0⤋
No its not. We have safeguards in place to ensure that never happens again.
2007-08-28 14:00:07 · answer #7 · answered by Anonymous · 0⤊ 3⤋
It's already here.
2007-08-28 14:04:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I don't think so.
2007-08-28 14:00:14 · answer #9 · answered by Anonymous · 0⤊ 1⤋