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To: Tom Kearney who wrote (98295)4/2/2000 12:20:00 PM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
The '29 crash did not cause the depression, the failing economy, due to a sharp contraction in
the money supply did.

Well, I'm blathering now. I'll stop.

Tom,

I do not believe you are blathering a bit. I have a lot to learn here and I suppose I could about it for a few days but I would rather ask. Was the Fed active then and raising rates or withdrawing liquidity in 1929? If so, was it simialr to how it is done today?
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