How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008

How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008

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Shows how and why the Stock Market Crash of 1929 and the Financial Meltdown of 2008 both occurred under Republican Administrations. In both cases, unsustainable policy measures aimed at increasing purchasing power led to boom and bust. In the 1920's, tariff policy was used to bolster product markets; in the 1980's and 1990's, easy credit (consumer and mortgage) policies were used to do likewise. Both proved to be unsustainable, leading ultimately to financial meltdowns---the Stock Market Crash of 1929 and the Financial Meltdown of 2008.It therefore stands to reason that European countries would also face the problem of underincome. Product markets would weaken in response to fewer workers and lower averge wages. ... In other words, the banking system provided $5 to $7 Trillion in questionable debt which, over this period, sustained aggregateanbsp;...


Title:How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008
Author: Bernard C. Beaudreau
Publisher:Lulu.com - 2009-04-30
ISBN-13:

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