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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (441837)	12/21/2008 7:03:39 PM
From: longnshort	Read Replies (1) \| Respond to of 1578158

because FDR was a joke

To: combjelly who wrote (441837)	12/21/2008 8:16:13 PM
From: tejek	Read Replies (1) \| Respond to of 1578158

when markets were freer and economic downturns were as bad as the Great Depression.....just not as long." Well, there was the Long Depression... Wasn't it not so long in the US and more long in Europe? Actually, a better way of putting it...it was broken up in the US: "In the United States, the meltdown of the European economies led directly to the Panic of 1873 and ushered in the Long Depression. Five to six years later, the rebuilding, extending, and refinancing of the western railways, commensurate with the wholesale giveaway of water, timber, fish, minerals, in what had previously been Indian territory, characterized a rising market. This of course led to the expansion of markets and industry, together with the robber barons of railroad owners which culminated in the genteel 1880s and 1890s. The Gilded Age was the outcome for the few rich. The cycle repeated itself with another huge market crash in 1893." en.wikipedia.org