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Politics : Formerly About Advanced Micro Devices
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To: TigerPaw who wrote (190029)6/8/2004 7:36:46 PM
From: TimF  Read Replies (1) of 1576614
 
Many things led to the depression but some of the most important where government actions like rising tariffs and mismanagement of the monetary policy, the policy of balancing the budget even as the economy turned severely south resulting in tax increases at the worst time. You had a massive increase in tariffs, an increase of the top income tax rate from 25% to 64%, an increase of the federal reserve rate, all when the economy was already slowing down. You can also add severe drought in a number or states and FDR's policies paying farmers to kill livestock and destroy crops and paying people to do make work or not to produce useful goods and services and sending people to jail for offering discounts.

As for "extreme monopolies of the gilded age" that's a far from mainstream theory. Care to provide more about how monopolies caused the depression?

This could be roughly bounded by the 100 years from about 1840 to 1940. This included many of the darkest moments in American History and did so because of the unregulated power and wealth of the second and third generation from the industrial revolution.

Any 100 year period will includes some of the darkest moments in the history of a country that has only been around about 225 years. The best candidate for the darkest moment during that period is the Civil War. I don't see how that was supposed to be caused by "the unregulated power and wealth of the second and third generation from the industrial revolution. "

One site with good information about the depression is
mackinac.org

Tim
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