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The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s.The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending.
Then the calendar is flipped back year by year so that we can watch him sell his soul on the installment plan.There is consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse.If they had done this, the economic downturn would have been far less severe and much shorter.Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Cities around the world were hit hard, especially those dependent on heavy industry.Construction was virtually halted in many countries.In the 93 years of my life, depressions have come and gone.Prosperity has always returned and will again." Together, government and business spent more in the first half of 1930 than in the corresponding period of the previous year.Farming communities and rural areas suffered as crop prices fell by about 60%.Even after the Wall Street Crash of 1929 optimism persisted for some time. Rockefeller said "These are days when many are discouraged.I don’t know why she isn’t better known, but this revival will doubtless solve that problem in short order., however, was the first show she ever directed.She’s since staged two more musicals, and if this one is a fair indication of her gifts, I expect she’ll be back on Broadway before you know it.