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[quote:RoXY:MV8xNTc4NDI2XzMyOTMwMzAzX0FDRkQ0QUUz] [b]On the Road to Ryan and Ruin[/b] by Lawrence Davidson Posted on 19. Aug, 2012 [b]Part I – The Good Old Bad Days[/b] In the 132 years between 1797 and 1929, there was no effective regulation of U.S. economy. No federal agencies existed to control corruption, fraud and exploitation on the part of the business class. Even during the Civil War, economic management on a national level was minimal and war profiteering common. As a result the country experienced 33 major economic downturns which impacted roughly 60 of the years in question. These included 22 recessions, 4 depressions, and 7 economic “panics” (bank runs and failures). Then came the Great Depression starting with the crash of the New York stock market in 1929. This soon became a worldwide affair which lasted until the onset of World War II. Millions were thrown out of work, agricultural production partially collapsed, and the fear of rebellion and revolution was palpable both in the U.S. and Europe. [b] CONTINUE: http://www.opinion-maker.org/2012/08/on-the-road-to-ryan-and-ruin/[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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