The greatest mistake you can make in life is to be continually fearing you will make one. By Elbert Hubbard The Note Book1927 Find out about Depression Economic
Economic Survival Strategies For Today's Current Economy
Right now as I am writing this article, it is the First Quarter of 2010. In the event this particular article finds its way to the top of an electronic time capsule at some point in the distant future, where the world might look like something out of a science fiction movie, then you now have a frame a reference to go by.
The whole worlds economy is in a bit of a turmoil and as a consultant, we have not see the level of past due accounts, accounts going to collections and basically the large number of individuals that are hurting financially.
In fact, another major layoff just happened in my region. An aerospace company had just unannounced, laid off 1,000 people.
After discussing these issues with a financial advisor with over 30 years experience in the financial services industry, sold a bank in the 80s and was involved with a number of partnerships, I had gotten a bigger view of what is going on.
He himself had faith in our abilities (both in The United States America where I live and abroad) to pull through, however, he stated that the only nation that was really doing well was New Zealand. And further there is concern that we may, in the USA, have to ‘Inflate' ourselves out of this Economic Crisis.
The method of which the inflationary process would have to take place is simple: Print more money or ‘borrow from ourselves which obviously has already been done, and done too much. Now with that, it was pointed out that the last auction for Government Debt of the USA was actually purchased, not by foreign investors but by entities that lead straight back to the Feds.
Over and above that, as for the USA, we'd have to invent something quite revolutionary, bring back all of our manufacturing or something similar.
Obviously there are very great concerns around the world and the USA is just one country. But right now there is not a lot of faith in the USA's economy by foreign investors. A website: http://www.EconomicSurvivalStrategies.com goes into some greater detail on the issues of our day, has blogs related to the same, and can provide greater insight as to what we are dealing with in our Global Economic Downturn and the various Economic Cycles we have to go through to get out of the obvious recession we're in.
The aforementioned points are altogether one thing, but we really have to look at a very important point: The survival of the people.
As there is a trickle down effect with Economic Trust each of us have for another in life, the actions (or inactions) of leadership, lack of proper Government control, lack of proper enforcement and even financial accountability of major business leaders has caused the lower and middle class a rather high degree of stress. As it stands now, in the USA, the only people that are doing well are the rich individuals and currently there seems no real end in sight to the economic issues that the major populace is now facing.
I would suggest that we all live very conservatively and wisely. Managing our money, resources, relationships and time extremely well. Get back to the basics of life. Eliminate debt and keep it eliminated. Down size, as necessary and save. Not ever forgetting to be generous and kind to fellow human beings as we are all in the same struggle.
It is looking like it is going to be a long time before things get corrected and the whole Global Economy goes through the necessary corrections and leadership actually does something that can aid in the resolution of the major concerns that got us in this mess to being with and can get us in it again. I personally see no way leadership in Government or Business can really help except be honest, doing right things, making sure there is ample employment spread around to individuals that need and can offer services, as well as simply not being greedy. The rather ridiculously high incomes that even Government Representatives make is quite unsettling. Even in business, out side of philanthropic uses, I do not see what such high incomes are good for or how necessary they are. Such incomes can simply lead to more greed and a distorted perspective on what really needs to happen.
I hope that this article has provided some brief insights as to the current status of the Economy is, where it may be going and some reasonable steps we all can take (I do mean ALL) to assist in the gradual correction of the Economy.
How did the economic depression help Hitler become popular?
how did he actually become popular????
was it the economic depression or the treaty of versailles
this homework is due TOMORROW please help me!!!!!!!!!
I think it had to do with the depression. He told people that the Jewish people had all the money, which is why they didn't have any. He was a very good speaker so people listened to him. Try wikipedia.
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Bilderberg Group Plans Economic Depression. Alex Jones
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Worry doubt fear and despair are the enemies which slowly bring us down to the ground and turn us to dust before we die. By Attributed to Douglas MacArthur Find out about Depression Economy
Is US Debt Destroying the World Economy?
Ever since the Wall Street started tumbling and the American economic crisis came out in the open in September 2008, there have been effects around the world. This disaster and meltdown was not restricted to this country alone; the repercussions are being felt across the globe.
It is aptly termed as a global recession.
The American Economy and the World Economy
Volatility and uncertainty are widespread at this time in the financial markets.
The growth rate of the world’s economy has slowed down.
China has been posting double-digit growth rates for the last four years. However, the growth rate has fallen to 9.0 percent in this quarter, according to the National Bureau of Statistics. This fall is primarily attributed to the unstable international economic climate.
Similar reports are coming from Japan, the second-biggest economy in the world. The Bank of Japan is Japan’s central bank. It’s Governor, Masaaki Shirakawa, has predicted stagnancy in economic growth of the country as the result of fallout of the economic recession in countries across the world.
With the American economy, development across different states of America, its lending to other developing countries and the overall state of affairs in the United States has a direct effect on the economic situation of other major countries of the world.
From current U.S.A. data, new home sales in the United States fell to their lowest level since the recession in 1991.
The Start of the 2008 Crisis
The present financial crisis in the U.S.A. had its beginnings in the highly acclaimed and popular sub-prime US home loans. These high-risk loans were packaged as derivatives or complex investment instruments and sold to banks and investors across the world.
The crunch began when people defaulted on these loans. Repayment delays and defaults in paying back loans started a grim chain of events in motion.
The worst-hit businesses were the lending banks. They became cash-strapped. Inter-banks loans alone could no longer ensure the smooth functioning of the world financial economy. It became clear that not all banks could survive this situation which could have led to bank failures across the world.
This caused world governments to pump in as much as three trillion dollars, in addition to huge cash infusions, into these affected banks.
ING, one of the largest banks in the world, reported a loss of around 675 million dollars in the current quarter. The Netherlands then announced a 13.4-billion-dollar bailout for ING.
Similar scenes occurred when South Korea offered of over hundred billion dollars in guarantees to meet offshore debts of their domestic banks. Britain’s Finance Minister, Alistair Darling, put up plans for boosting public spending to overcome the negative growth rate of the British economy over the last two quarters.
However, the overall sentiment was not all depressing.
The announcement by US President George W. Bush and the European leaders to hold various summits to address this worst world crisis since the Great Depression has brought some cheer into investors and markets alike.
The first summit is to be held soon after US presidential elections on November 4. The summit will primarily address reforms to set the international financial system right.
The most urgent need of the hour is an extensive overhaul of the system while preserving the traditional foundations of democratic capitalism such as free enterprise, free markets, free enterprise and free trade.
Critical Appraisal
The ongoing global financial crisis has many similarities to the Great Depression of the twenties. Major changes like bank failures, the worsening credit crunch, rushed mergers of banks and financial institutions, sinking stock markets and some financial giants tumbling cause similar sentiments to those which were common during that Depression.
However, the major difference is that there is no great change in day-to-day life of the common person. The Great Depression pushed millions of families into extreme poverty.
Today, while a significant number suffersevere hardship, most people are still able to purchase goods, ATMs are working, and the scale of job losses is not as massive at this point.
Some experts say that this indicates the current crisis to be more of a financial correction and subsequent panic, rather than a full economic meltdown.
This has still caused extensive damage to Wall Street institutions. But, so far, the repercussions have not been felt as deeply as during the Great Depression.
History has been a great teacher. Politicians, bankers and others at Federal Reserve, Treasury and elsewhere are well aware of how all this could translate and bring changes in the economic scene. They are trying their best to soften as much of the depressive effects and reduce the number and effects of business closures and stresses.
Although the world economy is witnessing immense uncertainty, there are certain safeguards within the economy as an aftermath of the Great Depression which are helping.
Unemployment rates were as high as 24.9% in 1933. The current rate is 6.1%. It may go up to 7% or 8% which has severe effects on those directly affected but is much less than during the Great Depression.
Most banks presently have Federal deposit insurance. Most investors do not have a risk of losing all their money. Foreclosure problems are restricted to subprime mortgages alone.
Presently about one-third of all homeowners have a clear and free title. The present Federal Reserve is not on the gold standard.
Interest rates can be decreased to increase liquidity.
The current tax structures are not entirely progressive. There are automatic stabilizers within the system.
The impact of a dollar decline in Gross Domestic Product may be offset by tax decreases and automatic government spending increases.
There are some safety nets put into place after the lessons that were learned from the Great Depression.
These include the Securities and Exchange Commission to regulate stock markets and protect investors, unemployment insurance, deposit insurance and various social security measures.
All these help to ensure greater flexibility in financial markets.
This may help the world economy to recover faster and reduce the speed and extent of negative events in the markets across the world.
The appraisal shows that there is definitely a recession but not all are convinced that we have, or may experience, a depression.
Many feel that the world economy will bounce back after two or three quarters and things will slowly start looking up.
Sources:
The Federal Response to Home Mortgage Distress: Lessons from the Great Depression by David C. Wheelock
America's Greatest Depression 1929-1941, by Lester V. Chandler National Association for Business Economics
For more detailed information on the current situation and how you can protect you and your family order your copy of Surviving the Debt Crisis today.
About the Author
Craig Maugham is a pen name. Craig has a background in research and reporting but felt that the subject and content of this book was too controversial to be released under his own name.
The author has done his best to provide a balanced account of how the crisis developed and gather the best information and theories, from a wide range of sources, about how to survive the current situation and be better placed to thrive in the future.
He believes that much of what is written about the situation is colored by personal or institutional bias.
Craig says, “The size and urgency of the current situation makes people suspicious and likely to react strongly against anyone that expresses a view which they do not agree with. This could affect the public perception of myself and the various organizations which employ me from time to time.”
You can get this book today from http://www.survivingthedebtcrisis.ebooks-excel.com/
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A call-to-arms from Nobel Prize–winning economist and best-selling author Paul Krugman.The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain...
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Fear is faith that it won't work out. By Sister Mary Tricky Find out about Depression Economics
Depression 2008: the Indian Scene
INTRODUCTION
Whatever the silence or the contradicting comments be coming from the Indian government and its leading economists, the start of eroding effects of world depression 2008 in India can not be overlooked since the depression stands well entered in the Indian economy. The economic activities like the decision regarding closure of Tata’s Jamshedpur motors plant for three days, decision of Ashok Leyland to run only for three days a week for coming two months, decreasing interest rates, decrease in CRR, lowered REPO rate, cut in SLR, index of stock market in reverse gear, Rs 275000 crores (Rs 2750 billion) released by the Reserve Bank of India (RBI) to help industries and investors etc. already indicated and rather proved well in the first week of November 2008 that RBI and the Government accepted the entrance of depression 2008 in the Indian economy.
PRE-DEPRESSION SITUATION
After getting independence in 1947 India started its planned economic development in 1951 having in hands the experience, a wide literature of well proved strategies and variegated plans pertaining to, used by and created or formulated by the well developed western economies, apart from the available natural resources. India was over enthusiastic and over ambitious on account of having the ready and well proved weapons sought from the western world for combating the problem of development. Therefore, instead of starting from the very beginning and covering the whole path it, being enticed and allured by the surprisingly fascinating fruits of industrialization, started efforts but having longed for being developed and grabbing fruits thereof in a haste. Thus India lost sequences in its development path. It ignored agriculture that was the spine of the economy. Thereby the agricultural development lagged far behind the level required for feeding India’s industrialization up to the mark. Agriculture based small and cottage industries became shattered and the villages became ruined. This raised a huge bulk of unemployed people in the widely spread rural sector.
The unemployed persons started migrating to the urban areas in search of job. The urban development and industrialization there had not sufficient level to absorb the whole migrating mass and to provide them proper urban life facilities. As a result thereof amushroom growth of slums came about fast which eventually turned into big slum spots in cities and towns within a no longer period of 20 or 25 years. This hampered urban growth and urban life. On the other hand, in rural areas there emerged acute shortage of energetic workforce, service centres, infrastructure, intellectuals etc. This hindered the rural development whereby agricultural development and rural life remained slang lower. That is why, even having travelled a long path of planned economic development, the state of affairs of rural India still remained almost the same as it had been before planning. There remained a big gulf between urban and rural people regarding wealth, wage, education and income. Moreover, the rural-urban migration, due to the pitiable state of affairs in rural areas, resulted to unchecked urban growth. Thus, instead of overall development, an unbalanced and unfair development of Indian economy became resulted therein.
However, the Central Government tried to make the situation better by initiating the process of economic reforms in 1991. But, unfortunately, the formulation of this process was on almost the same footings as those of the Five Year Plans and, therefore, this also could not bring about the desired change. Consequently a wide spread general unemployment prevailed in both the rural and the urban areas {as per ECONOMIC APPRAISAL 2006-07, the estimated number of unemployed persons rose from 7.98 million in 1983 to 9.02 million in 1993-94, to 10.51 million in 1999-2000 and to 13.10 million in 2004-05. These figures make amply clear that the average increase per year in the number of unemployed persons was going higher and higher without revealing any effect even of the economic reforms initiated in 1991. The average increase per year in the number of unemployed persons was 1.04 lakh (0.104 million) persons during the ten years’ period from 1983 to 1993-94. It became 2.48 lakh (0.248 milliom) during the next six years’ period and rose to 5.18 lakh (o.518 million) during the five years’ period from 1999-2000 to 2004-05.}. In addition to this a considerable number of politically, socially and economically sound and effective elites emerged in cities and urban towns. These elites interfered in the formulation and execution of development plans, on one hand, and in the fixation of priorities, on the other. Thereby Indian development plans became urban oriented and concentrating on rich minority. Thus the poor majority and the rural economy became ignored. The unemployment situation in both the rural and the urban sectors became almost uncontrollable. The government has become politically weak. Therefore its priority has become to please the rich minority so that it may run. To mitigate resentment and dissatisfaction among the general mass it has to play pseudo role to remedy some times the rural and some times the urban mass alternating through various unsuccessful employment programmes and plans. The condition of the rural unemployment is more embarrassing than that of the urban unemployment since the rural unemployed people are subsisting in privation.
The increasing inequality in income distribution and persistent lack of capital in India like other developing economies became more rigorous on account of the black money. Therefore, the Indian economy had been but experiencing inflationary pressure up to the late eighties on account of heavy autonomous (unproductive) investment in welfare and employment schemes (apart from that in infrastructure) by the governments being dependent on foreign aid, World Bank financing, external debts and deficit financing.
EMERGENCE OF DEPRESSION
As the eighties end and the nineties begin the inflationary trend started being converted into depressive trend in the developing economies also on account of the following events.
(i) A considerable part of black money came out and became converted into white money on account of various schemes, moves and drives to convert black money into white. It was added to productive investment and whereby an increased supply in the market came about. Though employment also was thereby increased to add to the demand but lesser was added to demand than to supply due to highly unequal income. d
(ii) Under the process of globalization MNCs were allowed to enter the economy. The MNCs made heavy productive investments and thus considerably added to the total supply in the markets but the thereby increased employment could not equally add to the total demand because a considerable part of their production value (revenue) went to their respective mother countries in the form of profits. Moreover these MNCs kept considerable part of their revenue in the form of undistributed profit deposited generally in the foreign banks.
(iii) The expansion of share markets took impetus in developing economies in the middle of nineties on account of some small scams and computerization of stock exchanges. However, a big scam always creates uncertainty in stock exchange activities and therefore harms the share market. But, contrarily, small scams always help increase the stock exchange activities because small scams create small but frequent ups and downs in share prices.
(iv) The globalization made the access of the depression stricken developed economies easy to the Indian markets. Therefore, the gluts of consumer goods started being dumped there. The goods produced in developed economies are of better quality and cheaper (on account of lower production cost) and the consumption of the Indian mass is highly conspicuous. These two factors attracted the Indian consumers towards those dumped goods so much that the demand of consumption goods pertaining to India’s home production became lost up to a considerable level.
THE PRESENT SITUATION
Each of the events discussed hereinabove contributed towards increasing the supply but decreasing the demand of consumption goods in the Indian economy. The combined effect of these events made a considerable change whereby up to the mid of year 2008 the Indian economy came into the grip of depressive trend in its markets other than the market pertaining to basic consumption items. The market of basic consumption items is still showing high prices and inflationary pressure. This is because the depression starting from financial and industrial giants will take some time in trickling to trade and medium or small industries of general consumption items. The downward trickling of the depression will gain impetus as soon as heavy retrenchment starts in the depression stricken giants.
The following detail, prepared on the basis of columns in the news papers from 1st to 8th of December 2008, makes it amply clear the present extent of depression and the steps taken to control the situation in Indian economy.
(1)Stop production in Telco Construction: One more company of Tata Group, Telco Construction Equipment Co. Ltd. (TELCON) declared to stop production for four days (from 4th to 7th Dec.) in its Jamshedpur plant. This company has experienced a 50 % decrease in its production during last one and a half month. Mr. Ramchandra, President of the Telcon Workers Union, told that the plant has observed ‘block closer’ (stop production) two times in the last one month. Moreover, the Diesel Engine manufacturing company of joint ownership of Tata Group also exercised block closer for 5 days in the last week. India’s leading commercial vehicle manufacturing company, Mahindra and Mahindra, experienced a fall in the sale of its vehicles from 18583 vehicles in November 2007 to 11569 vehicles in November 2008. The total sale in the last year was 17844 vehicles which fell down to 10430 vehicles this year. The second biggest passenger car manufacturing company in India, the Hyundai Motor India Ltd., also experienced a 23.3 % decrease in its sale in home market in the month of November 2008 as compared to that in the month of November 2007. The home market sale in November 2008 is 14605 cars as against 19052 cars in November 2007 (Hindustan, Hindi Daily, Dt. 03.12.2008, Page 13, Baghpat Edition).
(2)Tata Motors has again decided to close its Pune plant for three days, from 5th to 7th of December 2008.. It is second time in the last fortnight that the company has decided to stop production (Hindustan, Hindi Daily, Dt. 04.12.2008, Page 13, Baghpat Edition).
(3)During the week ending on 22nd of November the inflation rate fell down 0.44 point and came to 8.40 % as it was 8.84 % in the week ended on 15th of November. The inflation rate in the week ended on 2nd of August this year was 12.91 % that was the highest inflation rate observed in last 16 years (Hindustan, Hindi Daily, Dt. 05.12.2008, Page 13, Baghpat Edition).
(4)The second biggest car company in India, Hyundai Motor India Ltd., decided to sell its popular model, SANTRO GL (Solid) model, at 10 years old price of Rs 2.99 lakh (Rs o.299 million) for coming 10 days. A relaxation worth Rs 15,773 in the form of free insurance and accessories is being given in non-AC segment. Relaxation worth Rs 26,000 on SANTRO GLS model and from Rs 7,000 to Rs 25,000 on GATZ, Accent and Verna models is being provided. India’s biggest car company, Maruti, has already started giving discount from Rs 15,000 to Rs 35,000 on its cars. Moreover, the General Motors has made discount worth Rs 58,000 on SPARK. A discount worth Rs 90,000 on FORD FIESTA is being given. Tata Motors also is giving relaxation on its cars from Rs 20,000 to Rs 30,000 (Dainik Jagran, Hindi Daily) Dt. O5.12.2008, Page 13, Baghpat Edition).
(5)Mr. G. K. Pillai, Commerce Secretary, stated on Wednesday, December 6, 2008, that a budgetary help worth Rs 150 billion (Rs fifteen thousand crores) would be given to infrastructure projects while a help worth Rs 20 billion (Rs two thousand crores) would be extended to the depression stricken exporters. First time in a period of last ten years there has been observed a decrease of 12 % in Indian export business. As per the government survey of 121 export oriented units, 65 thousand jobs have been cut during last three months. Seven thousand jobs stand cancelled in cloth sector and this figure may reach to 1.2 million (twelve lakhs) up to the end of the current financial year. On account of realizing the depressive pressure in the economy, the Indian government has declared a decrease of Rs 5 in petrol prices and Rs 3 in diesel prices (Hindustan, Hindi Daily, Dt. 06.12.2008, Page 13, Baghpat Edition).
(6)Under the heading ‘Recession Trickles to India’ there has been stated “After years of being blamed for job losses in America and elsewhere, domestic high-tech companies and outsourcing firms are going through a downturn of there own. The global showdown id forcing them to reduce hiring, freeze salaries, postpone investment and lay off software programmers and call centre operators.” The country has been suffering from the effects of global slump, losing capital as Western investors fled to the security of American Treasuries, undermining Indian banks and company balance sheets. Satyam Computer Services slashed its recruitment plan to fewer than 10,000 from 15,000. Some companies, having hired recruits, are postponing their start dates. Wipro has dismissed 2.5 per cent of its work force in the second quarter. American Express laid off some 200 of its 6,000 workers in India and Goldman Sachs announced last month (November) to dismiss about 10 % of its work force in India (Hindustan Times, English Daily, Dt. 06.12.2008, Page 17).
(7)A third block closer (stop production) within a period of mere one month has been declared by India’s biggest vehicle manufacturing company, Tata Motors, in its Jamshedpur plant from 8th to 13th of December 2008 in succession to its already observed second block closer from 5th to 7th December. In addition to it, the leading diesel engine manufacturing company Tata Cummins, a company of Tata’s joint ownership, is observing a six days block closer in its Jamshedpur plant from Saturday, the 6th instant. This is its second block closer as the first was from 26th to 29th of November. SBI has declared a special loan facility of Rs 110 billion (Rs 11000 crore) to help housing and small industries. RBI has decreased the REPO rate from 7.5 to 6.5 % and the Reverse REPO rate from 6 to 5 %. Yes Bank has declared a cut of 0.5 % in PLR while ICICI Bank has declared a cut of 1.5 % in PLR and BPLR (Hindustan, Hindi Daily, Dt. 07.12.2008, Page 1 & 13, Baghpat Edition).
(8)Mr. Sameer chopra, President, BPO Industry Association of India, told that America and Europe, on account of the wage cut policy of companies and to combat the market slump, are thinking of stepping back in near future from alternatives like outsourcing. If this happens the Indian companies will be most affected negatively since most of the Indian software companies depend on America and Europe for business. Thus the jobs of 0.25 million (2.5 lakhs) persons, working in Indian BPO sector, are under threat of the global depression and they may lose their jobs in the first quarter of the next year (Dainik Jagran, Hindi Daily, Dt. O7.12.2008, Page 16, Baghpat Edition).
(9)To control the continuously increasing prices and to rescue the economy from depression grip, the Central Government of India declared yesterday, the 7th of December 2008, a bailout package worth Rs 30 Kharab (Rs 3000 billion) (Hindustan, Hindi Daily, Dt. 08.12.2008, Front Page, Baghpat Edition).
CONCLUSION
The above mentioned detail shows that the remedial measures, being taken to control depression in the Indian economy, are the same and on the same line as those taken by America and European countries. India had also committed the mistake of using as well the tools proved fruitful in the western world, in case of economic development move. I think, in case of combating the depression 2008, India will again repeat the mistake of using the same tools which the western world is using without getting success in controlling the depression. Therefore, India should recognize the difference of its economic features as compared to America and the European countries and find compatible ways and means to control and combat the depression 2008.
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There are more things Lucilius that frighten us than injure us and we suffer more in imagination than in reality. By Seneca Find out about Great Depression Us
Life During the Great Depression
In today's world, there are a majority of people who are suffering from great depression. There are several reasons behind the depression including work load at office or home, exam stress, tough competition in professional fields, business decline etc. To say in one word, the word ‘depression’ is present all over the world. Depression is a chronic disorder that not only affects a person’s mind but also his body. Sometimes depression leads the person to some extreme measures towards life like suicide.
Life during the great depression is like a complete blackout of mind and heart. A person stops believing in his capabilities to achieve the desired success in life. He is not only distracted from himself but from his surroundings also. He entirely blames on himself about whatever wrong happens in his life. His mind is just switched over to the negative thoughts and ignores the beauty of life.
Depression can be cured easily if the symptoms behind its occurrence are rectified at the right time. There are several types of depression from which a person can suffer from. It includes major depression, atypical depression, psychotic depression, dysthymia depression and manic depression.
At such point of time, he should be treated with love, care and sympathy with his near and dear ones. Sometimes, yoga, meditation and therapies are helpful to fight off the depression.
It is a healthy advice to every person that God has given a beautiful life to live. Live your life like you lead the whole world with positive thoughts.
About the Author
Jack Anderson has an experience of more than 5 years of writing various types of articles. He wrote various health related articles for different sites including http://www.depressionhelp.org.uk/. This site provides you complete information about various depression problems and their treatments.
How did World War II affect the US more than the Great Depression?
It is said that the four years of WWII did more to transform US society than the 12 years of the great depression and the 8 years of the New Deal. Comment.
World War II brought us to a new age and we entered the nuclear age as we are today . We found the availability and usage of weapons that still today in effect of our total destruction.
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US Postponed the Great Depression, Not Prevented It - Gerald Celente
Great Depression
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Despite the overwrought production and excessive use of trite catch phrases that typifies the output of today's corporate rap elite, Dark Man's innate raw power can't be masked. Had he fallen off, The Great Depression would be considered an amazing comeback, but since X's reputation is intact and it's hip-hop as a genre that's floundering, the album serves as an antidote to the flood of insipid hip-hop/R&B combinations and "Oochie Wally"-isms that clog the airwaves...
The memories of those who lived through it and extensive footage makes this the definitive chronicle of an era of dashed dreams and desperation that defined a generation. Documentary, approx. mins.
Cinderella Man is a wholesome slice of old-fashioned Americana, offering welcomed relief from the shallowness of many summer blockbusters. In dramatizing the legendary Depression-era comeback of impoverished boxer Jim Braddock, director Ron Howard benefits from another superb collaboration with his A Beautiful Mind star Russell Crowe, whose portrayal of Braddock is simultaneously warm, noble, and tenacious without resorting to even the slightest hint of sentimental melodrama...
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A sweet and subtle gem of a movie. Newly orphaned Addie (Tatum O'Neal) falls into the care of small-time con artist Moses Pray (Ryan O'Neal, Tatum's real-life father) and turns out to be better at grifting than he is...
If we all did the things we are capable of doing we would literally astound ourselves. By Thomas Alva Edison Find out about Great Depression Usa
The History of Gold Coins Issued by Usa
The first gold coins in the United States were issued back in 1795. The Unites States Mint set the value of the U.S. Dollar at 24 grains of gold. The value was based in accordance with the world price on the precious metal, which at that time was $19.39 per troy ounce.
The U.S. gold coins started to be issued in seven different mints around the country as the Western Frontier of the Unites States began its expansion. The mints were set from Philadelphia to San Francisco. The sizes of coins varied from one dollar gold piece to fifty dollar denomination. It is worth mentioning that at that time the U.S. mints issued coins that were worth their weight in gold.
In 1834 and 1837 U.S. Congress modified the gold specifications by setting the price of gold at a mark of $20.67 per ounce. When the Great Depression occurred in 1933, President Roosevelt made gold an illegal asset for the citizens of the United States. During this period, by Roosevelt's order, all gold coins were returned to U.S. Treasury and the melted into gold bars. After that the value of the U.S. dollar coin was set to $35 per ounce. The global outcome was to decrease by 40 percent the buying power of the dollar
When millions of gold coins were melted into gold bars, they became very rare and thus highly sought by various collectors. According to money experts only about one percent of gold coins can be found today. Each gold coin that survived till nowadays is highly valued by collectors and investors.
Every gold coins minted in the United States before 1933, is valued on individual basis according to its date, rarity, appeal among various collectors and its grade.
What is Rare Coin Grading Worth?
Coins that fall under the category "rare" are graded on ANA (American Numismatic Association). The scale ranges from 1 to 70. Coins are certified authentic and then PCGS or NGC, two leaders in providing coin grading services. For example a gold coin graded 1 has a slightly visible date, very wear and its value is a little above its weight in gold or precious metals. Obviously the better the coin is preserved the more a collector or investorinvestor in willing to pay for it.
Double Eagles
1933_double_eagle_gold_coin_reversevery often a collector starts his Gold Coin Collection of U.S. coins minted before 1933 with a $20 Double Eagle. Note that from 1849 to 1907 U.S. Mist issued the Liberty series. The Mint then changed the design of the Double Eagle into Saint-Gaudens. The latter were minted in the period between 1907 and 1933.
Starting a collection of Pre- 1933 U.S. gold coins is advantageous for several reasons:
"Pure Gold Content" - this means that each coin includes almost 1 troy ounce of gold.
"A Double Profit Opportunity" The gold market is continuously changing and $20 Double Eagle gold coins already have a history showing the continuously rising value, which goes 2 to 3 times higher in value if compared to the gold bullion alone.
The 1933 Saint-Gaudens Gold Double Eagle Coin
One of the most valuable, if not the most valuable, coin is considered to be the 1933 Saint-Gaudens Gold Double Eagle1933 Saint-Gaudens Gold Double Eagle. It actually was never officially issued. Still it appeared from 1907 until 1932. Although in 1933 there were 445,500 Double Eagle minted, none were released into circulation because of the changes made in currency laws during the Great Depression.
The result of the Great Depression was that president Franklin Roosevelt took America off the gold standard. The gold coins were drawn out of circulation and afterwards were not issued anymore. Besides, people had to return the ones they had
Later, in 1933, the Double Eagle coins were declared illegal. It was prohibited to own any of the gold coins, unless they had a collectible value.
The same year Gold Double Eagle coinsGold Double Eagle coins were ordered to be melted by the U.S. Mint. By 1937 billions of gold bars were made out of these unique coins.
A few coins have escaped from being melted down. In1933 two of them were given by the Mint to the U.S. National Numismatic Collection at the Smithsonian Institute. These two Gold Double Eagle coins were known as the only legal specimens to ever become part of a coin collection. Still by 1952, eight additional coins were discovered. These were confiscated by the Secret Service.
Today 19 of the some of most valuable 1933 Gold Double Eagle coins are owned by a Philadelphian jeweler, Israel Switt.
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To learn much more about wart gold coin visit gold-coin.u-makemoney.com where you'll find this and much more, including links to other sites.
I am looking for solid based answers that include important points in the 1930's that shaped the USA in good or bad ways. Thanks
The Great Depression was the worst collapse in the history of American capitalism. The American people endured a full decade of almost unbelievable economic misery. While a much-feared revolution—of either Communist or fascist persuasion— thankfully never materialized, Americans flirted with a number of radical alternatives to the status quo.
From Shmoop/The Great Depression
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GERALD CELENTE THE NEXT GREAT DEPRESSION USA !! II
Great Depression
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The horn-backed swing of "Fireworks" will charm the ear of countless Gen-X listeners and their parents, as will most of this historically themed collection of songs from the ingeniously educational Schoolhouse Rock animations...
Track Listings
1. Hello in There
2. Do You Want to Dance?
3. From a Distance
4. Chapel of Love
5. Only in Miami
6. When a Man Loves a Woman
7. The Rose
8. Miss Otis Regrets
9. Shiver Me Timbers
10...
In Volume 2, The Century: America's Time examines the causes and effects of the worst economic crisis in U.S. history - The Great Depression. An unimaginable horror that threaten America, and the world, was beginning to take hold in Germany.
This special program combines actual footage from the 1932 L.A. Olympics with dramatic re-enactments of the sporting events and interviews with the athletes themselves. Through the use of a special news process called ultamatte, Time Capsule: The Los Angeles Olympic Games of 1932 depicts the L...
Only Joel and Ethan Coen, the fraternal director and producer team behind art-house hits such as The Big Lebowski and Fargo and masters of quirky and ultra-stylish genre subversion, would dare nick the plot line of Homer's Odyssey for a comic picaresque saga about three cons on the run in 1930s Mississippi...
Proving that truth is often greater than fiction, the handsome production of Seabiscuit offers a healthy alternative to Hollywood's staple diet of mayhem. With superior production values at his disposal, writer-director Gary Ross (Pleasantville) is a bit too reverent toward Laura Hillenbrand's captivating bestseller, unnecessarily using archival material--and David McCullough's familiar PBS-styled narration--to pay Ken Burns-like tribute to Hillenbrand's acclaimed history of Seabiscuit, the knobby-kneed thoroughbred who "came from behind" in the late 1930s to win the hearts of Depression-weary Americans...
John Ford's classic social commentary on the plight of the tenant farmer stars Henry Fonda as the eldest son of the Joads, a poor family from the dust bowl of Oklahoma who struggle to maintain their dignity while on a grueling trek to California during the Great Depression...
U.S. History is a timeless 4 CD-ROM collection that lets you learn the story of our nation with historic tales from the Civil War to the Great Depression. Relive U.S. milestones and learn how these significant events have shaped how America stands today...
People become attached to their burdens sometimes more than the burdens are attached to them. By George Bernard Shaw Find out about Depression Usa
A Small Business Perspective On The Difference Between Recession And Depression
In a bit of a diversion from our normal faire here at Small Business Resources Cafe .......
"A recession is when the middle class has no money. A depression is when the rich have no money." - Scott Wolpow
OK ... that's enough humor. This economic situation is not a laughing matter. Especially for small business owners and start-ups (if any are brave enough to attempt a start-up right now).
Anyone listen to President Obama's address to Congress recently? Or any of his frequent "campaigning while in office" speeches (you won already ... now stop talking and start LEADING). Sorry .... but the guy just doesn't get it.
In a depression prices cannot be sustained by the market. So there is a tendency for prices to fall rather than rise. [Ahhh .... maybe the oil companies should reread that last part. Seen gas prices lately?]
* Because incomes are insecure people restrain their buying.
* Because sales are difficult firms restrain employment.
* Because the outlook is uncertain investment is restrained.
This is a circle of events that feeds on itself. It will only reverse when people have confidence in the future.
That's where good political leadership and strong business leadership becomes essential.
Throwing any amount of money at the problem CANNOT fix it. It's not about the money. At heart, the problem we have is a moral one. How should humans live on a finite planet.
We thought we had a wonderful idea about that. We should invest in industry and improve production and when we were very productive we would ALL be RICH.
We now know that long before we all get RICH, we destroy the environment, we become engaged in resource wars, and we destroy the social conditions that make a good life possible. We also know that in a global economy, we can't solve this problem at a national level.
We cannot rebuild a new world economy based on the old model. The result of that would be a short term victory and a long term disaster. Pouring too much money into the economy now can only buy that wrong solution.
We need wise heads. We need to understand that the secret of success is to get the core of what we are doing right.
One could argue that a recession might even be necessary every once in a while to let the economy re-group and adjust to different circumstances. With the introduction of the automobile, the horse-and-carriage industries suffered a recession. When the damage from such adjustment gets so big that the entire economy can't recover from it, (e.g. when too many people were involved in the horse-and carriage industry lose their jobs, can't become automobile workers, and can't buy cars because they have no income anymore) we have a depression: then the automobile industry etc. suffers as well.
Back to the attempt at humor in the begining of this piece ..... explained with a different simile:
"Recession is when the rich guy fires his gardener and makes him drop the rake on the lawn. Depression sets in when the rich guy can't see the rake because the grass grew too high, steps on it and gets hit in the face. Now both are hurting."
The difference between recession and depression is that a recession is short lived, and depression goes on, and on. and on, and sadly that's where we are at.
The real reasons go back to Bretton-Woods, but particularly the decision of the USA to move off the gold standard in 1971. That worked well for the USA. The US Dollar became the default reserve currency of the world. That led directly to the political view in the USA that "deficits don't matter". So successive governments, especially the Republicans have stoked the fire of inflation with deficit spending, that should have led to a decline in the value of US dollars, but because of the reserve currency status that didn't happen. Instead, wonder of wonders, people in foreign currencies ended up paying the USA a premium to use the US dollar in foreign exchange transactions. Effectively the USA let it's financial affairs get out of hand and the rest of the world paid the price. (From the USA's point of view, nice work if you can get it.)
But in economics, the real costs of what people choose to do eventually come home. You now definitely have a depression. So the question is how long will it last?
It will last until the structural problems that caused the depression are fixed. In the USA, the real problem is being avoided by both the Democrats and the Republicans. Business interests fund both parties, and they are entirely focused on how to "save" the business interests of the people who fund them.
Really .... where's the "common sense people" in all this back and forth. On the outside .... not being listened to (at least by those who need to be listening). As usual. Can you say Nancy Pelosi "pet mouse" project"??? Or better yet .... Chris Dodd's and Barney Frank's "give them a house" (chanted in the same cadence as "let them eat cake"). Or Obama's theme song .... "spend more and more now" (sung to the tune of "who let the dogs out").
Who's going to lead us out of all this .... whenever that eventually happens .... is small businesses. All they have to do is give us a chance. If they don't kill us off before hand.
What we really need is a Mike Huckabee "common sense" hammer to hit "them" all upside the head. Or another Joe The Plumber Kodak moment. "Them" being both the political leadership in Washington and the big business stuffed shirts (the guys getting our money .... so where's YOUR bailout).
What were the main causes of the 1929 economy depression in USA??
NOT primarily the stock market crash (yes, the crash was bad but the fraction of Americans who lost significant wealth was small). So what were the main causes?
tight monetary policy - the Federal Reserve failed to provide sufficient liquidity (i.e. loans or bond purchases) to the banking system. This turned a relatively minor disruption in to a major problem (and this was the cause of the bank runs).
Tight fiscal policy - a desire to balance the federal budget (typical of that time) led to a combination of higher taxes and less government spending. This had a contractionary effect on the economy.
Smoot-Hawley tarrif (and other tariffs) led to a dramatic reduction in trade and therefore a reduction in economic activity
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This charming milk glass relish tray has a rich gold gilded trim and delicate glass beading. Made to compliment the Anniversary Gold and Suburbia patterns.
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Based on Pink Floyd's hit album, this dazzling rock musical stars Bob Geldof as Pink, a rock star tortured by his past and descending into madness. His breakdown is represented by striking live-action and animated sequences and such Floyd songs as "Another Brick in the Wall," "Comfortably Numb," "Goodbye Blue Sky," "The Trial" and others...
Dirt
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The true story of two English children who claimed they photographed fairies in 1917 produced two different movies in the late 1990s. Not as well-known as the earnest family drama FairyTale: A True Story, the English-made Photographing Fairies takes a much more adult angle on the incident...
Despite the destruction and death they leave behind, many of the worst disasters have a more positive legacy as well--an increased understanding of the forces we face and how to handle them.
MODERN MARVELSTM examines five pivotal disasters that led to remarkable technological breakthroughs which have saved lives and communities...
In Volume 2, The Century: America's Time examines the causes and effects of the worst economic crisis in U.S. history - The Great Depression. An unimaginable horror that threaten America, and the world, was beginning to take hold in Germany.
There are more things Lucilius that frighten us than injure us and we suffer more in imagination than in reality. By Seneca Find out about Economic Depression Us
How to survive an economic crisis: 3 ways to survive and prosper in the face of economic crisis
Despite the persistence of the economy spiral down, all is not lost. There is still time to learn to survive an economic crisis.
No, you do not to panic buying of canned rations and storage in your basement. That's a whole other calamity. In addition, led to panic buying more frivolous spending. Not exactly the way to go during an economic crisis.
I talk to smart and sophisticated ways, you can reduce costs without having to short selling. You do not need a degree in economics or finance to understand how to survive an economic crisis. Here you'll find daily tips that are easy to grasp.
1) Make a shopping list.
When the grocery store It is important to make a shopping list. Having a guide will help you keep buying unnecessary items. For example, did you really need another game Plate? Or do you really need to buy another box of cereal? By sticking to your shopping list, you are more concentrated what you really need, not what is on display.
Another tip for grocery shopping is not shop when hungry. Make no mistake. When you're hungry, you just want to grab everything on the shelves. Do not shop when you're tired or the other. You might be tempted to "reward" yourself with extra items.
2) Take care of your debts.
You can not leave your debts hanging. Starting today, you should start paying more attention to your debts. This is one of the most important How about surviving an economic crisis.
Check your records and determine which ones you should pay first. I recommend starting with smaller just so that you would least knock on your door to the future. Although it is difficult to pay it all at once, you can assign at least a certain percentage of what you earn to pay your debts.
If you win this time is barely enough to get by, there are other ways earn extra income. Others have even sold some of their most luxurious items and replace them with practical options, just come with a little money excess.
3) Get gardening.
You might not think that is the best time to start a new hobby, but I disagree. If you want to know how to survive an economic crisis, it's a good idea to learn how to grow your own food.
Even with a small yard, there is nothing that keeps you from planting a few vegetables. If flower garden, you, you might even be able to make money off of him.
Learning to survive an economic crisis may force you to make some small sacrifices. However, if people back in the 1930s and 1940s could do, I do not see how we would fare any worse.
The life and times of Franklin D. Roosevelt are brought back to the silver screen. This DVD is packed full of vintage FDR speeches and newsreels. Follow FDR's political career as he leads American through WWII and tries to implement his great plan "The New Deal...
This is an incredible vintage film that features a Harding College economics professor arguing that capitalism doesn't produce a class divided society - in fact, wealth is equitably distributed! This firmly anti-Communist video uses charts, animation, and powerful rhetoric to hammer down its points in favor of capitalism...
Photo Mouse Pad, BUSN2A-00169. Pandemonium in the New York Gold Room on Black Friday, September 24, 1869. Hand-colored halftone of a 19th century illustration. Chosen by North Wind Picture Archives. Standard Size Mouse Pad 7...
Photo Mouse Pad, New York financial district during a crisis, 1800s. Financial panic on Wall Street, late 1800s. Hand-colored woodcut of a 19th-century illustration. Chosen by North Wind Picture Archives...
Photo Mouse Pad, Wall Street crash in 1884. Financial panic on Wall Street, May 14, 1884. Hand-colored woodcut of a 19th-century illustration. Chosen by North Wind Picture Archives. Standard Size Mouse Pad 7...
Photo Puzzle, BLACK FRIDAY, 1869. The blackboard in the New York Gold Room, 24 September. BLACK FRIDAY, 1869. The blackboard in the New York Gold Room, 24 September 1869, showing the collapse of the price of gold...
Only man clogs his happiness with care destroying what is with thoughts of what may be. By John Dryden Find out about Depression Us 2009
Grief & Depression, why do the two mix so awfully?
So today, I thought about..Death. Why do we mourn the loss of our loved ones who became angels? There are many reasons why so many mourn the loss of loved ones including us. It's the fact that we will never see them again, see their smile, or hear their voice and laugh that brought us comfort and joy. Many fall into deep depression because no last conversations were made, no goodbyes were shared, and they had no knowledge it would be the last time they seen eachother. Death comes everyday, every hour, every minute, and every second, of every year.
Ever since the passing of My Grandma, death has came around at unexpected times. I fear it, but it's a part of life that we must complete to go into the afterlife. I asked many how they cope with losses, and they all say, that theres nothing you can do but think of all the amazing memories that were cherished with a loved one who has pased. Most people say that it gets better in time, but I really do hate to say that their wrong. What does time exactly heal? NOTHING!
It doesn't heal that huge gap that aches in our hearts. Things do happen to get better though, not 100 percent but enough to stay strong to live life to it's full extent. The other day I was chatting online with a man that had recently lost his young brother a year ago. He blames himself, and is filled with enormous guilt. His brother went way before his time, he had so much to live for. He had barely got his life back on track and was taken in an instant in a automobile accident.
Tomorrow isn't promised for anyone..and it's absolutely true! Take the oppurtunity to share your time with those you love, because "things happen" everyday. You dont have to spend a lot of time with them, all you have to do is tell them that you are there and will always be. Trust me, if you or them were to leave the world tomorrow, you or your loved ones would look back and remember what you two said to eachother. It wont mean that much then, but it would in the future if anything were to happen.
-Drew
04-23-2009
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Will 2009 be a good year? Time to stock up on guns, grub, and gold.?
2009 will be a year of complete destruction for the US economy. 5 Million
will lose their jobs. The Dow Jones Industrial average will break below
6,000. Municipalities will fail. Insurers will fail. The unemployed and
foreclosed American population will take to the streets and begin rioting.
The Greatest Depression is upon us.
roosevelt confiscated gold of citizens when the first deal came through
and stiff jail time for offenders, add
silver
garden seeds and tools
i am heavily invested in a survival library
i see no way out
even if economic turnaround arrives
the question of socialism
will continue the dissolution of the union
as long as success is taxed
no one will work hard or smart
Amazon Exclusive: Liaquat Ahamed on the Economic Climate In December 1930, the great economist Maynard Keynes published an article in which he described the world as living in “the shadows of one of the greatest economic catastrophes in modern history...
Here, Woods offers a decidedly free-market, conservative approach to the worldwide financial collapse of 2008 09. He explains his take on what led up to the current economic crisis, who's really to blame (namely, the Federal Reserve System), and why government bailouts won't work...
A fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the economy as a house of cards on the verge of collapse, with over 80 pages of new materialThe economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today...
We are more disturbed by a calamity which threatens us than by one which has befallen us. By John Lancaster Spalding Find out about Depression Us Economy
The First Bailout in India and the Depression 2008
INTRODUCTION
Whatever the comments trying to lead the public astray be coming, the entrance of world depression 2008 can not be overlooked since it stands well entered in the Indian economy. The decision regarding closure of Tata’s Jamshedpur motors plant for three days, decision of Ashok Leyland to run only for three days a week for coming two months, decreasing interest rates, decrease in CRR, lowered REPO rate, cut in SLR, index of stock market in reverse gear, Rs 275000/= crores released by the Reserve Bank of India (RBI) to help industries and investors etc. are the events which indicate that RBI and the Government accept the entrance of depression 2008 in the Indian economy. Among all these events or the actions the Rs 275000/= crores bailout drew my attention most. The concern and worry of RBI and the Government over the depression are easily understandable to me. But, I could not understand whether RBI and the Government are worried for the economy or for the investors and industries of the economy. To my opinion both are the separate things and the economy should be given priority against industry and investors.
THE DEPRESSION 2008
A depression (economic depression) is caused either by the excess of supply or by the lack of demand. In both the conditions depression should be fought against by increasing demand instead of by decreasing supply in market because decrease in supply will always bring national income and employment down while any cut in national income and employment is never acceptable. The present world wide depression has been resulted by both the excess in supply and the deficiency in demand. The excess in supply has been generated by over production on account of heavy productive investment in developed economies and it came about in developing economies due to the dumping through ‘globalization’. The deficiency in demand came about due to deficiency in purchasing power in the hands of the dominant middle income mass which resulted by high level inequality in national income distribution in both the economies. I have explained in detail in my article ‘Story behind the World Depression 2008’ how the depression was generated in developed countries and how the developing economies have come in its grip. My said article (http://www.articlesbase.com/economics-articles/story-behind-the-world-depression-2008-626225.html) concluded that the problem of depression is the problem of increasing the (effective) demand by increasing the purchasing capacity of the dominant middle income group.
SIGNIFICANCE OF THE BAILOUT
The above said bailout seems to be similar in nature as the Wall Street bailout practiced in America. This type of measures taken in American could not make any dent on the root causes of there’s depression. The depression is still gaining more and more depth in America day by day. Then, how can we expect that the measures as taken in America would be proved fruitful in India? The monetary help to industries and investors preserves their profit whereby the production and employment level is preserved but for the time being only. The root cause of their falling profit remains untouched. Therefore, the bailouts towards helping the investors and industries only postpone for some time the cut in production and employment without helping the demand increase. I could find no way mentioned in economic literature to treat depression without increasing demand if supply side is kept unaltered. The market is suffering from deficiency in demand not because the investors are suffering from falling profits but the investors are suffering from falling profits because the market is suffering from deficiency in demand. Therefore, deficiency in demand should be treated to save both the economy and the investors. There are four conditions when a depressive trend emerges in an economy.
(1) When either the rigidity of demand prevents prices from rising to compensate the falling profits of producers in case of increasing costs.
(2) When the demand does not keep pace with increasing supply caused by extra production.
(3) When the demand decreases on account of emergence of some factor affecting the total consumption of general mass negatively.
(4) The dumping of goods by some depression stricken foreign country.
In case of any one or all of the first three conditions the demand should be increased to treat depression. If the fourth condition is the cause of depression, check on imports would provide fruitful results. The present depression 2008 in developing countries though emerged mostly on account of the fourth condition but due to their being abided by the terms of globalization they can not adopt the way of checking their imports. Therefore, the developing economies like India have no way but to increase demand of general mass to treat the present depression. Therefore any measure not helping increase in demand like above said bailout can not be proved fruitful to treat the depression. However, a bailout, if made to divert flow of funds towards the hands of ‘demand- dominating-middle-income-group’ will increase the total demand in market by increasing purchasing capacity of this group. Therefore, bailouts should be made but to help the consumers instead of helping the investors and industries. Moreover, the investors and industries also will be helped though indirectly but ultimately if the demand is raised by raising purchasing capacity of the dominating middle income group through bailouts because the so raised demand will enable the producers to sell their product at a price that keeps their profit preserved.
CONCLUSION AND SUGGESTIONS
The above discussion concludes that taking measures to save the investors for time being is not the treatment of the depression but it is only the postponement of the situation. To treat the depression measures should be taken to increase the demand, determined by the purchasing capacity of the general mass, through increased liquidity in their hands as the ‘marginal propensity to consume’ of general mass in a developing country is sufficiently high. Therefore, the bailouts should be made to help the demand increase instead of helping the supply be preserved. In other words, the horse should be made to pull the cart instead of making it to push cart. Hence, the bailouts should be made but utilized to protect income of the general mass against retrenchment, to provide cheap consumer loans and to finance the subsidy schemes launched for the purchase of consumer goods. _______________________________________________________
Who's going to bail out the US Govt. once they go bankrupt bailing out the US economy?
Foreign Govts. won't buy US bonds because of the massive US debt and since the US will be in a depression so their won't be enough tax dollars bail them out.
Photo Mouse Pad, BUSN2A-00169. Pandemonium in the New York Gold Room on Black Friday, September 24, 1869. Hand-colored halftone of a 19th century illustration. Chosen by North Wind Picture Archives. Standard Size Mouse Pad 7...
Photo Mouse Pad, New York financial district during a crisis, 1800s. Financial panic on Wall Street, late 1800s. Hand-colored woodcut of a 19th-century illustration. Chosen by North Wind Picture Archives...
Photo Mouse Pad, Wall Street crash in 1884. Financial panic on Wall Street, May 14, 1884. Hand-colored woodcut of a 19th-century illustration. Chosen by North Wind Picture Archives. Standard Size Mouse Pad 7...
It is not the cares of today but the cares of tomorrow that weigh a man down. By George MacDonald Find out about Depression Us History
American History Is Full Of Exciting Events
American history is a great way to learn from the past of our country. It is a vital part of understanding how we came to be the country we are today. As more and more things change over time, the more important it is for the younger generations to learn about American History. They need to know about the struggles, the achievements, and about the defeats and mistakes the country has made over the years.
Many adults take an interest in American History as they get older, wishing they would have paid more attention in school. There are many great places to learn about American history including the internet. You can also watch great programs on the History Channel or take a course at a local college. History museums are also a fun way to spend your time with visual aids along the way.
You can select the area of American history you are interested in or choose a complete overview. Studying the various wars we have been involved in can be interesting. Most of us are aware that we have been in several wars, but do you know why? Studying the different Presidents of our country is entertaining as well. You can learn about what they did in office as well as their personal background.
The Depression is an important part of our American history. Anyone who thinks life is hard now should study up on the Depression as well as the life the early settlers had to struggle though. We can really start to appreciate our own life once we have read about some of their trials and tribulations. The history of slavery is another area that everyone should spend some time learning about.
Going to space and back is very common for us, but do you know about the challenges our country has faced to be successful in those endeavors? The history behind the space adventures is well worth looking into. Those who are very curious will love finding out how some very common features we have today actual got started.
American history is full of exciting events that have shaped the country we are today. Sharing this history with younger generations is very important. You can encourage your children to read more by finding an area of history that they are excited about and offering further reading on it. You can also encourage family discussions on the various history topics.
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How did farmers' issues affect the US during the Great Depression?
From my history review packet. I know how the farmers were affected, but I don't know how their problems affected the rest of the nation. Anything would help.
Farmers were unable to grow crops and raise livestock so therfore there was not anything to buy on the market
The memories of those who lived through it and extensive footage makes this the definitive chronicle of an era of dashed dreams and desperation that defined a generation. Documentary, approx. mins.
When 16-year-old Craig (Keir Gilchrist, The United States of Tara) gets admitted to a psychiatric ward, he's hoping for a quick fix for his suicidal impulses--but then he learns he can't leave for five days⦠which turn out to be the most transformative days of his life...
The history and impact of the new global economy are made clear--and compelling--in Commanding Heights: The Battle for the World Economy. This three-part, six-hour documentary does an astonishingly thorough job of dissecting and explaining macroeconomics and their current political and social importance without ever causing a loss of consciousness for the viewer...
U.S. History is a timeless 4 CD-ROM collection that lets you learn the story of our nation with historic tales from the Civil War to the Great Depression. Relive U.S. milestones and learn how these significant events have shaped how America stands today...
US $36.95
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