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Their Party Crashed. Ours May Too
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Anonymous
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Interesting article of details that lead up to the 1929 stock market crash and Great Depression. Government had drastically reduced taxes for highest income. Cutting taxes on the higher incomes stimulated speculation. History repeats itself. The country was in a better position because the US had a $25 billion trade surplus. |
Anonymous
Anonymous
| great article, thanks for posting. |
Anonymous
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It's not the tax rate, its the unsecured credit.
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Anonymous
The unsecured credit is the mechanism by which the speculation has taken place. |
Anonymous
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I thought it was really cool how Roosevelt went on TV in 1929 to explain the crash to the people.
No way Biden is ready to be one heartbeat away. |