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To: chic_hearne who wrote (72310)	2/27/2001 12:18:46 PM
From: Ilaine	Read Replies (4) \| Respond to of 436258

A simultaneous collapse of the stock market and the economy has only happened once within the memory of anyone living today - the Great Depression of the 1930's. I side with those who believe that the Great Depression was caused by unwise policies of central bankers - not enough money supply for the economy to go. I also think that there were other factors which came into play - industrialization put manual laborers out of work, widespread drought in the Great Plains made it impossible for subsistence farmers to make a living, massive inflation caused by World War I was followed by massive deflation, the punitive economic sanctions against Germany after World War I took them out of the global economy, tariffs created barriers to international trade - in short, it was a clustershag, the economic equivalent of the Perfect Storm.