Great Depression Debates
The cluster centers on discussions of the Great Depression, its causes including the Federal Reserve's role, economic impacts, recovery via New Deal and WWII, and comparisons to historical or modern economic events.
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We have not. Look at the economic history of the latter half of the 19th century in the US. We haven't experienced those levels and frequency of market swings since the creation of the Federal Reserve. Also, the Great Depression was a world-wide event. That was our first clue that isolationist policy was misguided.
yes, why cant we just all have the great depression 100 time.. https://en.wikipedia.org/wiki/Great_Depression
You mean like the great depression which happened not long after formation, which some prominent economists have argued was exacerbated by the fed?Things did stabilize quite a bit after we bombed the rest of the industrial world into oblivion, though, creating a period of prosperity roughly equal in expansion to the period from the end of the civil war to before the creation of the fed.
It did during the Great Depression. Then it realized that was dumb and it took a world war to fully recover.
The Great Depression wasn't so good.. that came after the Fed.
It's not like it never happened before. Just read up on the great depression and you'll get an idea.
The past century, you say... wasn't there a little thing called 'the great depression' somewhere around a century ago?
Yes, just like the great depression.
Thinking about it, the 1930s Great Depression was after a US trade surplus. Today US have a trade deficit. If the banks actually failed in 2008-2009 and caused another depression, it would be probably harder to recover from.
> between the beginning of the 30'sYeah right. [1][1]: https://en.wikipedia.org/wiki/Great_Depression