Blog entries tagged with "1929"
80TH ANNIVERSARY OF THE 1929 CRASH
It’s the 80th anniversary of the 1929 crash. It’s no doubt that the economy is suffering, but more importantly, the people of the United States are suffering.
While analysts have the luxury of spitting out ideas and theories that led to this financial catastrophe, most working Americans don ...
Continue reading "80th Anniversary of the 1929 Crash"DIFFERENT PLAYING FIELD, SAME PROBLEMS
Immediately before the crash of 1929, the stock market boomed. Wall Streeters and ordinary Americans alike invested in the stock market. Stock could be purchased with only ten percent down. Yet, the playing field was far from level. For example, the price of RCA stock soared from 85 to 420 ...
Continue reading "Different Playing Field, Same Problems"QUESTIONS
It has been 80 years since the United States endured the Great Crash of 1929. Although we would like to say that the market got better and that the economy is at a better place- the truth is chilling. The United States is currently undergoing the worst economic crisis of ...
Continue reading "Questions"THE FAILURE OF MARKETS AND THE POLITICS THAT FOLLOW
The stock market crash of 1929 and the recent housing market crash are strikingly similar in respect to their causes and the government’s subsequent responses. In “the 1920s, banks began to loan money to stock-buyers since stocks were the hottest commodity in the marketplace. Banks allowed Wall Street investors ...
Continue reading "The Failure of Markets and the Politics that Follow"