10-09-2008, 09:45 PM
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#1 (permalink)
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Join Date: Mar 2005
Location: Broomfield, CO
Posts: 441
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The Great Depression
Sounds eerily similar, doesn't it...
Quote:
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The Great Depression in the United States began on "Black Tuesday" with the Wall Street crash of October, 1929 and rapidly spread worldwide. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation and lost opportunities for economic growth and personal advancement in the United States. Although its causes are still uncertain, the basic cause was a sudden loss of confidence in the economic future. The traditional explanation is a combination of high consumer debt, ill-regulated markets that permitted malfeasance by banks and investors, cutbacks in foreign trade, and growing wealth inequality, all interacting to create a downward economic spiral of reduced spending and production.
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2004.5 QCSB 6SP 4x4, FASS 150/150, Westach Dual Gauge (EGT & Boost) in SRT10 A-Pillar, Jacobs Brake, Westin Nerf Bars, Firestone Airbags w/dual onboard control
2009 Ford Escape Limited
1966 Mustang Coupe 302/C4
Two 2005 Kawasaki Prairie 700 ATV's (his & hers) and a 50cc for the kid
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Linear Mode
