Skip to main content

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.

Labels:

Comments

Post a Comment

Popular posts from this blog

Student Loan Success Strategies - Introduction - You can do this!

I was responsible to come up with my own finances for undergrad and law school.  I have gone through this process twice and have come out debt free.  You can do this too. Actions to achieve success:       A. Understand your loans,       B. Carefully plan a personal budget,      C. Exercise discipline and be consistent in your payments and you will receive the benefits long-term.  Info from "Success Strategies & Repayment Realities: A Guide to Repaying Student Loans," published by Access Group, Inc.
Post a Comment
Read more

Undergraduate student loans PAID!

Ugh for borrowing so much, yay for getting it PAID!:  5,000  3,500  4,000  2,750  2,500     406     602  1,625  1,375  5,393 14,813                             $41,964 Interest $  3,659              $45,623 Next up Law School.
Post a Comment
Read more