Chris Hedges "American Anomie"

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The Great Depression 7 - Arsenal of democracy

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There are a lot of parallels between the present moment and the late 1800s, including a backlash against globalization: economist Author photo By ANDREA RIQUIER Courtesy Everett Collection Nope, not the Great Depression - there was one that by many accounts was even worse A financial crisis that left in its wake deflationary price pressures, low productivity, stagnant incomes, a spike in populism, a backlash against globalization: if that all sounds familiar, you may not like the following insight. It comes from Dario Perkins, global macro economist for TS Lombard, who, in a Wednesday note, described the historical period he thinks most resembles the current moment. That era is called, a bit bleakly, the Long Depression, and stretched from 1873 to about 1896, depending on the country. TS Lombard The U.S., for example, was in recession from October 1873 to March 1879, a stretch that remains the longest downturn on record, and which was followed by four more recessionary period...
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The Great Depression 1 - A job at Ford's

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The Great Depression Share Flipboard Email PRINT Migrant Family Dorothea Lange / Getty Images History and Culture History & Culture The 20th Century The 30s People & Events Fads & Fashions Early 20th Century The 20s The 40s The 50s The 60s American History African American History African History Ancient History and Culture Asian History European History Genealogy VIEW MORE by Jennifer Rosenberg Updated May 13, 2019 The Great Depression, which lasted from 1929 to 1941, was a severe economic downturn caused by an overly-confident, over-extended stock market and a drought that struck the South. In an attempt to end the Great Depression, the U.S. government took unprecedented direct action to help stimulate the economy. Despite this help, it was the increased production needed for ​World War II that finally ended the Great Depression. The Stock Market Crash After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tuesday, Octob...
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