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Hillsdale Prof. Burt Folsom - "Comparing the Great Depression to the Great Recession: Part 1" (of 2)
BurtFolsom.com ^ | 07/28/10 | Prof. Burt Folsom

Posted on 07/29/2010 8:41:43 AM PDT by hillsdale1

President Obama has often remarked that the Great Recession (2008–10) is the greatest economic crisis since the Great Depression. It’s interesting to study the many parallels between the Great Recession and the Great Depression.

(Excerpt) Read more at burtfolsom.com ...


TOPICS: Business/Economy; Government; News/Current Events; Philosophy
KEYWORDS: depression; fdr; hillsdale; obama; recession

1 posted on 07/29/2010 8:41:47 AM PDT by hillsdale1
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To: hillsdale1

” Therefore Roosevelt sought scapegoats to explain his failure. Wall Street bankers were his favorites. He called them “economic royalists” and blamed them for causing the Great Depression.”


Well, FDR’s Second Coming now has to deal with Algore’s InternetS.


2 posted on 07/29/2010 6:38:30 PM PDT by CommieCutter (A Centrist Democrat is now defined as: between Socialism and Communism.)
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