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(BTW...I sure hope we don't start hearin' about people jumpin' out o' windows like back in '29!...I COULD have MY CAR parked UNDER that window, ya know!!!)



There are some major differences between now and 1929, but what most people don't realize is that the stock market crash caused the US Government to panic by imposing large tariffs on all goods coming in from Europe (Europe goods were much cheaper to make at that time). Within 1 year all trade worldwide had collapsed by more than 60%, which in turn caused the great depression.

If the government didn't attempt to affect the market by imposing the tariffs more than likely the great depression would have been just a shorted lived depression. At times like these our government tries to help, but generally they just make the problem worse and prolong the agony.

It's kind of like screaming fire in a packed theater. No one is directly injured or dies due to the fire, but they are due to being trampled.

Tom

Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. Benjamin Franklin, US author, diplomat, inventor, physicist, politician, & printer (1706 - 1790)