Thursday, December 24, 2009

Depression Then and Now

I'm reading a book, "The Forgotten Man." It is history of the Great Depression. In the Introduction it mentions:

 

The standard history of the Great Depression is one we know. The 1920s were a period of false growth and low morals. There was a certain godlessness---the Great Gatsby image---to the decade. The crash was the honest acknowledgment of the breakdown of capitalism---and the cause of the Depression. A dangerous inflation caused by speculating margin traders brought down the nation. There was a sense of a return to a sane, moral country with the crash. A sense that the economy of 1930 and 1931 could not revive without extensive intervention by Washington.

 

Haven't we heard this scenario before?


Thanks, John Jenkins
865-803-8179  cell
Gatlinburg, TN

Email: jrjenki@gmail.com
Website: http://www.greenbriersolutions.com  
Blog: http://littlepigeon.blogspot.com/

If it's true that we are here to help others, then what exactly are the others here for?

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