So what cause the Great depression Jow Forums? I kinda want a second opinion because my economics teacher blames FDR for prolonging because he intervene in the free market.
So what cause the Great depression Jow Forums...
Christopher Jones
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Josiah Robinson
socialist subversion
Xavier Morris
Edward Bernays was the catalyst of the great depression. He formulated early marketing tactics which fuelled consumption like never before seen.
If you want the economicfag answer just read Milton Friedman about the subject.
Grayson Hill
Too many cows not enough milking buckets.
UDDERS EXPLODING! FAT WOMAN DISROBING!
Haha stupid great depressioners didn't even drink it all up.
Aiden Young
Sustained wave of investor recoil mixed with a very high dollar and the new Fed looking for an opportunity to flex all happened in the same 6 months and no one knew how to handle it.
By then, the population was growing faster than production as most production speculation was during WWI when German factories weren't producing the plethora of goods they had a complete monopoly on.
Business just got really good for too long and more people bought the bubble rather than the value.
Tyler White
your teacher sounds smart, you should listen.
Henry White
Jews. It's a shorter way to say socialist subversion.
Logan Cruz
First time I hear a teacher telling the truth about this subject. Fuck FDR and Hoover
Matthew Johnson
great depression is what happens when you don’t have a welfare state to take care of people in bad times. No way were ever going back to literally starving because you can’t get a job.
>inb4 edgy shit like “poor people deserve to die”
Carter Peterson
>tfw you’ll never get to burn (((bernays))) alive
Xavier Smith
>New Deal was widely and long acknowledged for restoring American Prosperity along with ramped up production to support WWII
NIce revisionist (((economics))) teacher you have there, user.
Dominic Garcia
This.
They had been triying to create a big bank and monopolice economy, there was over 2000 diferent banks before the crash, they planned ahead and bought them up cheap.
Same thing in 2008.
Now they are just to big to fail, if they do everything will colapse
Xavier Mitchell
Pretty much a infinite greed cycle. He was praised as a genius before the crash kek
Connor Bailey
nobody had money, dumbass.
Oliver Gutierrez
Kevin Turner
so people had money?
Carson Allen
Why didn't they just put them on UBI are they idiots or something?
Adrian King
Minimum wage for a maximum loser
Jose Morgan
It was the one time the FED had to step in and they did nothing
Austin Rivera
They were told to not intervene by the populace.
Jaxson Diaz
Why would you listen to the populace if you had the power to stop a depression? It was a complete failure of government and the FED
Aiden Morales
The government is the will of the people, user.
Hunter Hernandez
>The government is the will of the people
Very naive my son. The skyrocketing suicide rates would suggest the people had no idea what to do
Blake Carter
Bullshit, the rich fucks on the Supreme Court struck down the NRA. Just like now the rich control everything
John Anderson
The crash of '29 and the dust bowl out west is what caused the great depression.
The crash of '29 happened because normal people were getting extremely leveraged up to buy stocks, making what would've been a normal cycle into a huge bubble and crash.
The dust bowl was caused by unsustainable farming in dryland regions of the US.
Tyler Jenkins
It was literally the kikes. Uncle Adolf tried to help us.
Justin Wood
Gold standard and income taxes
Owen Cox
The FED is a consortium of private banking enterprises, not a governmental entity.
Zachary Taylor
Basically what happened in 2008 but without the government stepping in to buy up shitty securities to keep the system from collapsing. We honestly would be better off if they just let everything fail and we started over.
Eli Clark
This guy gets it
Josiah Wilson
Explain
Justin Perez
The Federal reserve artificially setting interest rates.
Any other answer is brainlet tier.
Most of you faggots are retarded basement dwellers and have no clue what the fuck you are talking about.
Bernanke himself said the fed caused it.
/Thread
Jaxon Lewis
The FED caused it. Nearly everyone who is economically illiterate and not anywhere near far left will admit this.
Jason Mitchell
Explain
Anthony Ross
The fed set interest rates to be fairly low in the '20's, and then spiked them in 1929. Normally interest rates are something the market should determine. When you control them on a centralized level you create artificial, large scale booms and busts.
All the other answers involving fiscal policy and the presidency are bullshit: they don't effect invesmtne anywhere near as much as what the fed does. Really it's all a distraction for retards such as most of the /pol tier racists brainlets who commented before blaming the Jews, Edward Bernays, fdr, etc...
What we are in right now is very similar to the roaring '20's, except much worse because the fed on top of keeping interest rates low (even lower than the '20's) has also bought a shit ton of assets and printed money to do so. If they don't curtail this soon there will be hyperinflation.
1929 2.0 is coming, probably within a year, maybe before midterms.
Luke White
Hyper inflation can't happen in the US anymore due to the petrodollar. Only oil and market spirits can cause inflation to a noticeable degree in today's economy. Not to say I don't think what the FED is doing now isn't questionable.
Wyatt Davis
>1929 2.0 is coming, probably within a year, maybe before midterms.
Good. We need another stock market crash and a great depression