Message 256 of 5296

An Interesting Read

Economists are famously portrayed as having more than two hands because of their tendency to answer every question with " on the one hand blah, blah , blah ---while on the other hand more blah , blah , blah ---- while on the other hand , even more blah , blah , blah " , with the points made by each hand tending to contradict the others . Thus , is it any wonder that they are STILL debating the handling of the Great depression by both Hoover and FDR , more than 70 years after the fact ? A link to the article is in first reply .
Dirck's profile
Replies 11 - 20 of 22
unintended consequences I call it the paradoxical effect. I only question, there was a robust economy after the great depression the 1950's all those homes cars, televisions purchased., the issue is was that a factor of the war and the moving of a war economy to a consumer or a new deal effected. I clearly see it as an effect of the War. Lots of troops had cash on hand to spend and opportunities.
yichel's profile

about 1 month ago
In the 40's we didn't have freezers or frozen anything, only ice boxes and cold cellars. Even Southern California homes had (cold) cellars back in those days; now it's against the law to build one out here.

My folks saw the FDR stimulus at work turning around the Great Depression and my Father and Grandfather were some of the ones who got jobs because of the FDR Stimulus before the increased production in '39 because of the "European War." Things were getting so much better my folks decide to start a family and that’s why my sis 10’39 and me 04’40 are here.
LifeLoveLaughter's profile

about 1 month ago
As a child of blue collar workers, I see it as everyone having a place at the table. They worked in the factories that made what they wound up buying, whether it was Chevrolets or Whirlpools. The clothes you bought at the local department store were sewn at the factory in the next town.
Lollykoko's profile

about 1 month ago
And that right there what LLL said…Is the reason why, the Great Depression ended…

Production increased in 39 because of “that European war”…My parents were married in 38, and I was Johnny come lately born in 07’45...
denjolly's profile

about 1 month ago
Oops. My response was referring to Yichel's thoughts on the 50's boom.

In addition, RCA had a factory only 40 miles away turning out the same TV set that we had in the living room. People were paid for making things. They took their pay and bought things their neighbors made. Everybody paid taxes that paid for the interstate high-way system that was built with the federal dollar.
Lollykoko's profile

about 1 month ago
We twinkled before the '39 industrial revival den. '39 just made things even better but few saw increased productivity except agriculture, airplanes, tanks, munitions, and ships until after Pearl Harbor 12'41.

My family stopped growing because of the war, many did.
LifeLoveLaughter's profile

about 1 month ago
That’s true nether, my father nor grandfather had any trouble getting work prior to 39...And even after…Like they use to say while I was growing up “What depression?” Dad was half owner of a garage…Plenty of work on cars…
denjolly's profile

about 1 month ago
Production increased in the 40's due to the war and continued in the 50's the next bust in the cycle was 61 just beginningt ofg JfK's office. Here in Maine the shoe factories were still viable up until the early 80's when they either moved to china, or haiti or just went under. Like wise with the blanket making companies somethat started for th civil war like the warumbo mill made wool blankets foe two world wars. but could not switch successfully to retail. like dexter shoes bass shoes, need i go on with so many names. a good documentary, "scuffing the uppers' about a shoe makers strike during the early 40's interesting as it shows the culture of shoemakers and then the violence that happened.Manufaacturingg will only return(if it does) when we stop competing with the chinese at the low end and move up and design some top end quailty stuff. No idea what it could be.
yichel's profile

about 1 month ago
My Mothers family got hurt real bad, she was stuffing cardboard into her shoes to get to school because they couldn't afford to resole them; luckily my fathers family had money and both he and his brother graduated from Lehigh in '36 and both got jobs in the Chemical Industry right out of school.



LifeLoveLaughter's profile

about 1 month ago
My favorite joke:

"A man goes to his college after 20 years in business, he talks to his econ teacher and notices the tests have the same questions they ask him? He ask the professor how can you ask the same questions?, the prof replies, we just change the answers".

Liberals change the answers but the conservatives change the history, pick your poison.
shane66's profile

about 1 month ago
Replies 11 - 20 of 22