Book notes from: The Great Depression: A Diary, by Benjamin Roth (2009)

Roth 's book compares the economic conditions in 1873 to 1929-1934:

• The 1873 panic was preceded by Civil War- then 8 or 9 years of hectic prosperity, speculation, rising prices, corruption in government- and then sudden panic, bank closings, etc.
• Organized movements to stop foreclosures.
• Wild schemes to inflate currency.

"The panic of 1873 lasted 5-6 years," and the Great Depression started in Fall 1929 and lasted through the early to mid 1930's, in which 4 years were hard until they started seeing true signs of recovery.