government intervention (the so called 'new deal') is what prolonged the great depression for so long
here's another depression that isn't so well known: https://en.wikipedia.org/wiki/Depression_of_1920%E2%80%9321 [wikipedia.org]apparently deflation was more severe than during the great depression (http://wiki.mises.org/wiki/Depression_of_1920%E2%80%9321 [mises.org]) but before the government had time to fuck it all up the market had corrected the imbalances
different story in the '30s of course
not that i give a fuck about reagan
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(Score: 4, Interesting) by crutchy on Monday July 06 2015, @11:15AM
government intervention (the so called 'new deal') is what prolonged the great depression for so long
here's another depression that isn't so well known: https://en.wikipedia.org/wiki/Depression_of_1920%E2%80%9321 [wikipedia.org]
apparently deflation was more severe than during the great depression (http://wiki.mises.org/wiki/Depression_of_1920%E2%80%9321 [mises.org]) but before the government had time to fuck it all up the market had corrected the imbalances
different story in the '30s of course
not that i give a fuck about reagan