- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
An insight into the great depression.
Posted on 8/17/26 at 2:36 pm
Posted on 8/17/26 at 2:36 pm
The Federal Reserve, which was in its infancy and its purge policy, WW1 and the debts owed, the gold standard (France/USA), Smoot-Hawley act...
It wasn't totally the stock market crash that is taught to my grandchildren. It was about...
What do you think?
It wasn't totally the stock market crash that is taught to my grandchildren. It was about...
What do you think?
Posted on 8/17/26 at 3:27 pm to nuwaydawg
The Great Depression we were taught and is still taught today is an exaggerated myth. Most people lived on farms back then and they grew their own food so they never missed a meal. But if you look at the popular versions, nobody had a job and everybody was starving. It’s just not true. It didn’t affect as many people as they would have you believe.
But combine millions of newly arrived unskilled immigrants with a tightening money supply and you get a crappy economy.
But combine millions of newly arrived unskilled immigrants with a tightening money supply and you get a crappy economy.
Posted on 8/17/26 at 3:40 pm to Lou Loomis
The Dust Bowl had a major impact in this, too, as you had intra-national migration. Was a perfect storm.
Posted on 8/17/26 at 3:43 pm to nuwaydawg
Couple of UCLA economists say FDR's policies worsened and prolonged the depression in the U.S. by 7 years.
Posted on 8/17/26 at 3:48 pm to Lou Loomis
I think I was in my 30s before I found out that 100s of stockbrokers didn't jump out of their office windows.
Posted on 8/17/26 at 4:00 pm to nuwaydawg
I remember Paw loaded us all up in the model and T and told us we were headed to California. He and maw blamed the Jews.
Posted on 8/17/26 at 4:02 pm to Night Vision
quote:
Couple of UCLA economists say FDR's policies worsened and prolonged the depression in the U.S. by 7 years.
When did they say this? I couldn't imagine a current state of California college professor claiming a beloved Democrat would have caused America harm with their policies.
Posted on 8/17/26 at 4:53 pm to Night Vision
Roosevelt confiscated citizen's gold, beginning in April of 1933. People were paid $20.67/oz. for it. 8 months later, they revalued it to $35/oz, devaluing the money people had by 41%.
This, in effect, was just stealing.
This, in effect, was just stealing.
Posted on 8/17/26 at 5:06 pm to nuwaydawg
The crash was a symptom, not a cause.
My grandmother was 12 years old when the stock market crashed. She lived in Shreveport where her father worked for Standard Oil. They weren't rich, but they had a few luxuries, including a piano. Nothing changed initially, but by December he lost his job and they all moved back to the old home place where he went to farming and got a part time job as a rural mail carrier. They didnt starve but times were pretty hard and a lot of people had it worse off than them.
My grandfather had to give up his dream of going to college and went to work in the woods cutting cross ties. It was backbreaking labor. He eventually went into sales and was very successful at it but he always regretted missing his chance at college.
The Grapes of Wrath was not a universal experience but to claim there wasnt a lot of hardship is revisionist fake news.
My grandmother was 12 years old when the stock market crashed. She lived in Shreveport where her father worked for Standard Oil. They weren't rich, but they had a few luxuries, including a piano. Nothing changed initially, but by December he lost his job and they all moved back to the old home place where he went to farming and got a part time job as a rural mail carrier. They didnt starve but times were pretty hard and a lot of people had it worse off than them.
My grandfather had to give up his dream of going to college and went to work in the woods cutting cross ties. It was backbreaking labor. He eventually went into sales and was very successful at it but he always regretted missing his chance at college.
The Grapes of Wrath was not a universal experience but to claim there wasnt a lot of hardship is revisionist fake news.
Posted on 8/17/26 at 5:18 pm to Night Vision
quote:
Couple of UCLA economists say FDR's policies worsened and prolonged the depression in the U.S. by 7 years.
That may or may not be true, but FDR was explicitly elected to do something about the depression. Hoover's laissez Faire approach was soundly rejected. If FDR hadnt done it he would have been out and somebody like Huey Long would have taken his place with even more extreme measures. Meanwhile Hitler and Stalin were claiming to have the solution in authoritarianism of the Right or Left, and many people in this country were listening.
So even if theyr correct, a strictly economic analysis of FDR's policies only goes partway.
Posted on 8/17/26 at 5:43 pm to nuwaydawg
quote:
What do you think?
Excessive debt (same as now)
Wealth concentration (same as now)
No segregation of Investment Banking / Insurance / Retail Banking (same as now)
Throw in ability to print money and leveraging derivatives since around 2000
Allowing the parties to divide us and blame the other side seems like a recipe for a Greater Depression than the Great Depression.
Posted on 8/17/26 at 5:48 pm to nuwaydawg
Cadillac decided to sell to black people and black people didn’t trust banks or could deposit so they had more cash after crash. Great Depression fun fact.
Posted on 8/17/26 at 5:49 pm to Lou Loomis
My Dad said my Grandfather kept his job, but he had problems getting his hours.
Posted on 8/17/26 at 5:50 pm to nuwaydawg
I feel like it’s a myth that teachers only teach the overindulgence and the stock market crash. I wasn’t taught that in the 90s and I don’t teach that to my students.
This post was edited on 8/17/26 at 5:50 pm
Posted on 8/17/26 at 5:54 pm to nuwaydawg
My family in north miss was so poor they had no clue there was a depression.
Posted on 8/17/26 at 5:56 pm to nuwaydawg
Best book I read on it:
Amity Sclaes’ The Forgiveness Man
That put a dagger in the heart of the myth the New Deal got us out of the depression.
Amity Sclaes’ The Forgiveness Man
That put a dagger in the heart of the myth the New Deal got us out of the depression.
Posted on 8/17/26 at 5:58 pm to Jim Rockford
quote:
My grandfather had to give up his dream of going to college and went to work in the woods cutting cross ties. It was backbreaking labor.
Sounds like my old man dropping out of school to work the lumber trade in Mississippi. Kids today could not hack 1/4 of the work he had to do then.
Posted on 8/17/26 at 6:04 pm to Night Vision
quote:
UCLA

This post was edited on 8/17/26 at 6:11 pm
Posted on 8/17/26 at 6:05 pm to nuwaydawg
My parents were both in their mid-teens in 1929, so I heard a lot of depression era stories. My mother's family owned a grocery store in in NO, she told me about all the people her dad gave credit, so they didn't go without, especially the Italian community. Of course, immigrant communities had a deep bind, they were from Sicily, as were most of the Italians in NO.
They had a large Italian contingent in north Mississippi, centered around Clarksdale, a lot of Chinese there also. My mother usually spent her summers there picking cotton to help out. A lot of people lost their farms, she said the WPA provided jobs, but not enough. The stories of the dust storms from Oklahoma were harrowing.
My father was from a French family in NO, not Cajun, they immigrated from Marseilles in 1788, his father was a trade emissary to France. I don't think the Depression had a great effect on them. But, one time I threw out a half glass of orange juice and I heard about how much they would have loved to have had that in the Depression, for weeks. I think I was the son that "threw away liquid gold" for a long time.
They had a large Italian contingent in north Mississippi, centered around Clarksdale, a lot of Chinese there also. My mother usually spent her summers there picking cotton to help out. A lot of people lost their farms, she said the WPA provided jobs, but not enough. The stories of the dust storms from Oklahoma were harrowing.
My father was from a French family in NO, not Cajun, they immigrated from Marseilles in 1788, his father was a trade emissary to France. I don't think the Depression had a great effect on them. But, one time I threw out a half glass of orange juice and I heard about how much they would have loved to have had that in the Depression, for weeks. I think I was the son that "threw away liquid gold" for a long time.
Popular
Back to top

11











