U.S. 1930s Economic Depression

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A U.S. 1930s Economic Depression is a U.S. economic depression that started in 1930 and lasted until the late 1930s.



References

2018b

2017

  • (McElvaine, 2017) ⇒ Robert S. McElvaine. (2017). “I’m a Depression historian. The GOP tax bill is straight out of 1929.” In: The Washington Post, November 30 at 9:17 AM
    • QUOTE: ... the collapse of the economy in 1929. The crash followed a decade of Republican control of the federal government during which trickle-down policies, including massive tax cuts for the rich, produced the greatest concentration of income in the accounts of the richest 0.01 percent at any time between World War I and 2007 (when trickle-down economics, tax cuts for the hyper-rich, and deregulation again resulted in another economic collapse). Yet the plain fact that the trickle-down approach has never worked leaves Republicans unfazed. The GOP has been singing from the Market-is-God hymnal for well over a century, telling us that deregulation, tax cuts for the rich, and the concentration of ever more wealth in the bloated accounts of the richest people will result in prosperity for the rest of us.