strong@tc.fluke.COM (Norm Strong) (04/08/88)
In article <4285@bloom-beacon.MIT.EDU> peter@athena.mit.edu (Peter J Desnoyers) writes: >In article <1519@dataio.Data-IO.COM> bright@dataio.UUCP (Walter Bright) writes: >>Most economists today agree that one of the major causes of the Great > ^^^^ >>The causes of the Depression were: >>4. The stock market crash was not in itself responsible (just look at last >> October's crash, where's the new Great Depression?). Be it noted that by Apr of 1930, the market had recovered from its Oct crash more fully that ours has by Apr 88. So let's wait and see--hmm. The actual causes of the Great Depression are probably the same as the causes of lesser depressions--positive feedback. There have been many depressions in US history; some of them were pretty bad, too. Why was the depression of the 30's so bad? Why not? Some depression has to be the worst! -- Norm (strong@tc.fluke.com)