1929 Stock Market Crash (Part 1-5)

[Joanne98]

Run time: 04:08 https://www.youtube.com/watch?v=iLnDPntfNFw   Posted on YouTube: November 30, 2007 By YouTube Member: Views on YouTube: 0   Posted on DU: February 09, 2009 By DU Member: Joanne98 Views on DU: 343

 

Part two

http://www.youtube.com/watch?v=VPnAPzeIB8s&feature=related

Part three

http://www.youtube.com/watch?v=hCX-6rmBA4I&feature=related

Part four

http://www.youtube.com/watch?v=xbZzW1lIc_g&feature=related

Part five

http://www.youtube.com/watch?v=-hzN6HFqMQk

[ixion]

1. a cautionary tale we should have listened to long ago

back in the 80's when we began to allow another bubble to grow.

Now, I fear, we are once again walking that path. The difference is we no longer have a manufacturing base to support a recovery.

Hold on to your hats, folks. It's going to be a bumpy ride.

[Zynx]

2. With what we know now, the economy was already in decline two months before the market fell apart.

Industrial production peaked in July and started dropping. The stock market crash was a signal that the economy was in decline, but not the proximate cause of it. It hurt, to be sure. However, when we consider that the market recovered the bulk of its losses in the six months after the crash, there was clearly more to it than that. There was a significant commercial real estate bubble as well as huge overcapacity in manufacturing. Those alone were severe enough to cause a deep deep recession. The protectionist policies of the government along with tight monetary policies and then the worst banking panic in history explain the rest of it.