Comments for Great Depression Causes http://greatdepression-causes.com Discover the causes of the Great Depression Sat, 02 Jul 2011 18:31:09 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on What are some for the causes for the great depression? by ilovemath http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression//comment-page-1#comment-4265 ilovemath Sat, 02 Jul 2011 18:31:09 +0000 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression/#comment-4265 Speculation in the stock market. - People were buying stocks "on margin" - When companies started making less profit, people started panic-selling, causing an immediate drop in share prices. Overproduction and underconsumption. - Market became saturated after a while (one can only own that many vacuum cleaners) - Demand decreased, and production was forced to slow down - This reduced employment and the propensity to spend decreased. Protectionist policies of Republican government. - Ford-McCumber tariff placed taxes on foreign goods to protect domestic industries - Other countries retaliated by also placing taxes on American goods - This prevented trade between America and other countries - This thus reduced American revenue. Speculation in the stock market.
- People were buying stocks "on margin"
- When companies started making less profit, people started panic-selling, causing an immediate drop in share prices.

Overproduction and underconsumption.
- Market became saturated after a while (one can only own that many vacuum cleaners)
- Demand decreased, and production was forced to slow down
- This reduced employment and the propensity to spend decreased.

Protectionist policies of Republican government.
- Ford-McCumber tariff placed taxes on foreign goods to protect domestic industries
- Other countries retaliated by also placing taxes on American goods
- This prevented trade between America and other countries
- This thus reduced American revenue.

]]> Comment on What are some for the causes for the great depression? by maguyver727 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression//comment-page-1#comment-4264 maguyver727 Sat, 02 Jul 2011 18:31:09 +0000 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression/#comment-4264 The "Governments", . The "Governments", .

]]> Comment on What are some for the causes for the great depression? by infinitysbane http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression//comment-page-1#comment-4263 infinitysbane Sat, 02 Jul 2011 18:31:09 +0000 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression/#comment-4263 Asset bubbles fueled by speculation. Bubble burst led to stock market crash. No insurance for banks, caused massive runs on banks after crash, causing banks to go into default. This created a serial banking crisis that spread globally. Remaining banks tightened their loans, creating a liquidity trap. The inability to get loans made it hard to purchase homes, new businesses to form, etc. This led to less production, less employment, less consumption, more businesses failing, more unemployment and so on. Protectionists trade policies in response to the above actually worsened and prolonged the depression. Widespread droughts and infestations throughout our agricultural sector also caused a lot of people to default on their mortgages, and led to a lot of lost productivity. Never underestimate the economic effects of natural disasters. Asset bubbles fueled by speculation.

Bubble burst led to stock market crash.

No insurance for banks, caused massive runs on banks after crash, causing banks to go into default. This created a serial banking crisis that spread globally.

Remaining banks tightened their loans, creating a liquidity trap. The inability to get loans made it hard to purchase homes, new businesses to form, etc. This led to less production, less employment, less consumption, more businesses failing, more unemployment and so on.

Protectionists trade policies in response to the above actually worsened and prolonged the depression.

Widespread droughts and infestations throughout our agricultural sector also caused a lot of people to default on their mortgages, and led to a lot of lost productivity. Never underestimate the economic effects of natural disasters.

]]> Comment on What are some for the causes for the great depression? by flutz123 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression//comment-page-1#comment-4262 flutz123 Sat, 02 Jul 2011 18:31:09 +0000 http://greatdepression-causes.com/what-are-some-for-the-causes-for-the-great-depression/#comment-4262 over spending on credit the weather and droughts(the dust bowl) small things that caused large ripples. over spending on credit
the weather and droughts(the dust bowl)
small things that caused large ripples.

]]> Comment on Why did Capitalism not collapse during the Great Depression? by Bored Goblin http://greatdepression-causes.com/why-did-capitalism-not-collapse-during-the-great-depression//comment-page-1#comment-3983 Bored Goblin Thu, 16 Jun 2011 13:52:44 +0000 http://greatdepression-causes.com/why-did-capitalism-not-collapse-during-the-great-depression/#comment-3983 it worked for 50 years before the depression, and people were kinda hoping that it will continue working in the future if only they could fix it. Nearly 100 years later, it seems that they were right. it worked for 50 years before the depression, and people were kinda hoping that it will continue working in the future if only they could fix it. Nearly 100 years later, it seems that they were right.

]]> Comment on Why did Capitalism not collapse during the Great Depression? by ratter_of_the_shire http://greatdepression-causes.com/why-did-capitalism-not-collapse-during-the-great-depression//comment-page-1#comment-3982 ratter_of_the_shire Thu, 16 Jun 2011 13:52:44 +0000 http://greatdepression-causes.com/why-did-capitalism-not-collapse-during-the-great-depression/#comment-3982 Study it again. A vast progressive policy was implemented during the Depression. Big business was bullied, and threatened by FDR to toe the line or else. The new progressive policies of FDR and the businesses benefited by the Smoot-Hawley Tariff were the two sides of the fascist coin. Even today remains the marriage between big government and big business. What you think of the great American capitalism, wasn't particularly free market, and had more in common with the economic policies of Hitler of Mussolini that a truly free market. Even what set of the depression, the central bank of the time is a feature of a corporatist/ fascist State rather than a free market. Study it again. A vast progressive policy was implemented during the Depression. Big business was bullied, and threatened by FDR to toe the line or else.

The new progressive policies of FDR and the businesses benefited by the Smoot-Hawley Tariff were the two sides of the fascist coin. Even today remains the marriage between big government and big business. What you think of the great American capitalism, wasn’t particularly free market, and had more in common with the economic policies of Hitler of Mussolini that a truly free market. Even what set of the depression, the central bank of the time is a feature of a corporatist/ fascist State rather than a free market.

]]> Comment on What were some companies and industries who achieved success during the Great Depression? by annie oakely http://greatdepression-causes.com/what-were-some-companies-and-industries-who-achieved-success-during-the-great-depression//comment-page-1#comment-3895 annie oakely Wed, 08 Jun 2011 09:56:44 +0000 http://greatdepression-causes.com/what-were-some-companies-and-industries-who-achieved-success-during-the-great-depression/#comment-3895 ALCOHOL -after the repeal of the Volstead Act (1933) - the resulting mass-intoxication cured the Nation's Depression. ALCOHOL -after the repeal of the Volstead Act (1933) – the resulting mass-intoxication cured the Nation’s Depression.

]]> Comment on What were some companies and industries who achieved success during the Great Depression? by pao d historian http://greatdepression-causes.com/what-were-some-companies-and-industries-who-achieved-success-during-the-great-depression//comment-page-1#comment-3894 pao d historian Wed, 08 Jun 2011 09:56:44 +0000 http://greatdepression-causes.com/what-were-some-companies-and-industries-who-achieved-success-during-the-great-depression/#comment-3894 Hollywood is a good example. Hollywood is a good example.

]]> Comment on What are some good movies about the Great Depression? by Nae Nae http://greatdepression-causes.com/what-are-some-good-movies-about-the-great-depression//comment-page-1#comment-3848 Nae Nae Mon, 06 Jun 2011 13:49:35 +0000 http://greatdepression-causes.com/what-are-some-good-movies-about-the-great-depression/#comment-3848 Angela's Ashes, Paper Moon, The Tale of Ruby Rose, Wildflower, They Shoot Horses Don't They... Dogville is also VERY good. It's about a little girl... Angela’s Ashes, Paper Moon, The Tale of Ruby Rose, Wildflower, They Shoot Horses Don’t They…

Dogville is also VERY good. It’s about a little girl…

]]> Comment on What are some good movies about the Great Depression? by Ace Librarian http://greatdepression-causes.com/what-are-some-good-movies-about-the-great-depression//comment-page-1#comment-3847 Ace Librarian Mon, 06 Jun 2011 13:49:35 +0000 http://greatdepression-causes.com/what-are-some-good-movies-about-the-great-depression/#comment-3847 I'm not sure that any of these is from a child's point of view. The Grapes of Wrath Ironweed Bound for Glory Cinderella Man Honky Tonk Man Hard Times Long Road Home I’m not sure that any of these is from a child’s point of view.

The Grapes of Wrath
Ironweed
Bound for Glory
Cinderella Man
Honky Tonk Man
Hard Times
Long Road Home

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