In 1929, the stock market crashed. In 2008, the stock market crashed. Sometime in 1934, the market bottomed at about 14% of it's high. Sometime in 2009, the market bottomed @ about 50% of its high. In the 1930's, unemployment was as high as 30%. In 2009 to 2014, unemployment did not break 10% and is now about 7%. In the 1930's, wealth was concentrated in the top 5% of Americans............2014 ditto. In the 1930's, the income tax rate was absurdly low..............2014 almost ditto, but the loopholes make it ditto for the super rich. Prior to WW2, the economy was starting to recover but Government War spending (very large deficit adjusted for 1940's) is given credit for the recovery. 2014 the economy is slowly recovering but the Republican Party doesn't want any government deficit spending. In 1929 there were very few Government Programs dedicated to creating a financial safetynet. 2014, the Republican Party is trying their damndest to recreate that very scenario. Post WW2, income taxes were raised to 90% for the very rich..............we paid off the debt and our country prospered until Ronald Wilson Reagan upset the apple cart.


Truthseaker's picture
Truthseaker 5 years 45 weeks ago

Talking about the "Great Depression" how about the one in 1892-1895 when President Cleveland didnt do anything! and 1871-1873 under President Grant!

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