Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: ahhaha who wrote (317)	10/4/1998 11:10:00 AM
From: Enigma	Read Replies (1) of 2794

Ahhaha - to a simpleton like me your message seems to be a mixture of sophistry and complacency. You seem to split hairs when you say that the 29 Crash didn't cause the Depression. If enough people (and it had reached the point where folks from all over the States were camping out in NY to follow the action) feel very wealthy and prosperous one day and are paupers the next - you'd have to think that the shock would lead to an enormous contraction of economic activity - leading to a severe recession - which was named a 'depression' because the term was less alarming than 'slump' or recession. Only by association does the word mean the financial disaster it became. The stock market rally you mentioned was not enough to pull the world out of the morass - even the socialist you deride (FDR) wasn't successful (although he gave people work (albeit make work), and hope) - it was the war and america's role as arms provider for the Commonwealth and later itself which pulled things out. A different kind of government spending - the industrial military kind - still favoured by the right. E

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