What year was the depression considered OVER?

dlimb2 · December 7, 2005 2:54AM

Thank You.

MORGANHUNTER2 · December 7, 2005 3:00AM

They have renamed the depression- they no call it- Inflation. for the politically correct- Federal Deficit.

and we are still in it

PerryHall · December 7, 2005 3:01AM

Hitler ended our "Great Depression". It didn't end until we went into a war time economy.

dlimb2 · December 7, 2005 3:03AM

So really for the United States it was December 7, 1941...64 years ago today.

Even though it ended years earlyier for other parts of the world.

oreville · December 7, 2005 3:05AM

Many people seem to think it was over in the mid 1930's but in fact, we suffered a second and significant downturn in 1937 and lasted well into 1939. We seemed to be improving in 1940 but it was not really until we geared up for war in 1942 after Pearl Harbor on December 7, 1941 (64 years ago today) that our economy yanked itself clearly from the economic malaise.

My earliest recollection of Pearl Harbor day was when my elementary school observed the 20th anniversary of Pearl Harbor Day in 1961. It was a big event then just as 9/11 is today.

Longacre · December 7, 2005 3:08AM

My uncle is one of only 8 Pearl Harbor survivors living in CT today. I think there are only a few hundred of them left nation-wide, unfortunately.

dlimb2 · December 7, 2005 3:09AM

If you read about the Great Depression, you will find it very erry in the fact that is sounds like much of what today is like...read it.

Darin · December 7, 2005 3:10AM

As far as agriculture, the worst years were between 1932-1937, the height of the infamous 'dust bowl' years. A recovery started in 1938 when good rains returned, and the war in Europe aided grain prices.

dlimb2 · December 7, 2005 3:14AM

The Grapes of Wrath.

Barndog · December 7, 2005 3:21AM

<< What year was the depression considered OVER? >>

Easy: October 27, 2004 at 11:40 PM EDT when Edgar Renteria tapped an easy grounder back to Keith Foulke that resulted in the final out in the first Red Sox World Series victory since 1918.

cladking · December 7, 2005 3:58AM

1946.

A lot of people expected everything to slow right back down after the war and held their breaths through 1945.

markglicker · December 7, 2005 4:00AM

I would say 1941.

streeter · December 7, 2005 5:05AM

If anyone even thinks that the economy and this country is experiencing anything like the great depression...then they better have their head examined.

I'll tell you what the great depression was like from my family point of view.

My grandfather giving back 1500 apartment units in Chicago to the lender. My grandfather without enough money to feed his children, sent my father ON A BOXCAR in 1931 to live with his sister in K.C. MO.

From 1960 until my dad passed in in 1998, A week didn't go by without my dad reminding me how bad things could get if you weren't careful.
This country could experience another Great Depression....but if it happens...it will be from underlying forces that we do not currently recognize as perilous or from the sudden shock of wave after wave of calamity causing our national wealth to evaporate.

mhammerman · December 7, 2005 5:15AM

My grandfather was an architect/contractor (design-build) before the great depression. He was reduced to truck farming watermelons near San Antonio during the great depression. Last time I saw him, he was a personal servant. My father said that the depression ended when people started to get jobs again, particularly during wwII when the factories started up. My father said that the great depression destroyed a lot of strong people and reduced them to begging. The depression didn't end on a date, it was a gradual recovery that was pretty much realized when the war started winding down in '45-46.

Outhaul · December 7, 2005 5:18AM

The experts are predicting 2050

saintguru · December 7, 2005 6:09AM

Technically it was late 1937-1938. That's when we started with positive GDP numbers.

relayer · December 7, 2005 6:42AM

War is good for business and it also gives everybody something to do, so I'd say 1941

But there is no magic finish date.

The difference between a recession and a depression is - when you're out of work, that's a recession. When I'm out of work, that's a depression

bulloncoins · December 7, 2005 7:15AM

My Grandfather (I am 48) told me he knew the depression was over the day he saw a jack rabbit running across an open field,

and no one was chasing it! (for food)

Oklahoma - 1938

questor54 · December 7, 2005 7:18AM

The depression was over when the medication kicked in.

fc · December 7, 2005 8:02AM

david m kennedy wrote a book called

"freedom from fear" the american people in depression and war,
1929-1945.

it will explain everything you might wish to know about that time
frame from the people standpoint. excellent reading.

i agree with the others who said it ended with WWII.

bonkrood · December 7, 2005 8:05AM

I live in Michigan, are you sure it's over?

WillieBoyd2 · December 7, 2005 8:10AM

December 31, 1974
President Gerald Ford signed Executive Order 11825 which allowed private ownership of gold.

TorinoCobra71 · December 7, 2005 8:30AM

December 7, 1941...............

TorinoCobra71

Hitler didnt end it, the Japanese did........

TorinoCobra71

roadrunner · December 7, 2005 9:00AM

From what I've read it was at the end of the war: 1944-1946.

The end of the gold standard in 1971 was really the beginning of the steps to take us to our next depression.'

roadrunner

Bear · December 7, 2005 9:06AM

Oreville is absolutely correct in every aspect.

BuffaloIronTail · December 7, 2005 9:10AM

The Depression probably didn't REALLY end until the Pearl Harbor disaster in 1941.

For sure, things started to get better in 1934, but it was a slow, tentative upturn that suffered from sporadic, and sometimes major, relapses during the entire 1930's.

It took a war to right our ship.

Pete

lonelyp · December 7, 2005 4:25PM

<< it will be from underlying forces that we do not currently recognize as perilous or from the sudden shock of wave after wave of calamity causing our national wealth to evaporate. >>

Do you mean something like the present war drying up any and all national wealth, and replacing it with monsterous debt?

500Bay · December 7, 2005 4:27PM

The depression ended when the person who asks got a job

PerryHall · December 7, 2005 4:37PM

<< December 7, 1941...............

TorinoCobra71

Hitler didnt end it, the Japanese did........

TorinoCobra71 >>

Actually FDR geared up for military and defense spending a few years before Dec 7, 1941. It was obvious to everyone that war was coming. Also, since the war started in 1939 the US started producing and selling war material to our allies.

TwoSides2aCoin · December 7, 2005 4:54PM

There was never an official end of the Depression.

We had programs designed to get jobs for people, but until every family in this country can afford to take a vacation every year, put food on their table and clothe their children, we are still in a depression. People adjust to hardships and the simplest of comforts become better than the discomforts they had to deal with ..... How did we all feel with $3 a gallon for gas ????? Did anyone feel the squeeze ? Or am I still dreaming ?

We have homeless people, malnutrition, hundreds of thousands without jobs and a tax system that is unfair to all WORKERS who's LABOR is taxed beyond comprehension, and .....a government with "out of control" spending habits. A health care system in shambles.... Doctors who's malpractice insurance is higher than the President's compensation package and Insurance costs for consumers that have ruined the American economy. Somebody wake me up when it's over ! Do we have a SURPLUS or a DEFICIT ?

I bet it feels like the Great Depression to many people, still ! I know lots of people living from paycheck to paycheck and they cannot save a dime....... Now if that isn't DEPRESSION, I don't know what is.

dlimb2 · December 7, 2005 6:11PM

If you follow history...the signs are already present...the magnitude is not yet known, but it could make the Great Depression look simple...Today our jobs have been shipped overseas, our children and ou society as a whole is UNDER EDUCATED compared to the rest of the world...Our government has spent us into trillions of dollars in debt...could it be that this time hardships will be much greater than that of the Great Depression...Back in the 1920's and 30's this country consisted of many Farmers...today farming is done mostly by Corporations, this leading to the common person not knowing how to plant his or her own food in order to survive...We have had Hurricanes this year that has caused so much distruction and the misplacement of many people...the summer was a very hot one and many crops were destroyed...we have an energy crises which could get UGLYer very quick...This society has become so dependent upon others that its ability to survive has become very scary...this time it could be war that takes us into a depression 180 degrees from the Great Depression...if war takes us into one what will bring us out...our Education is now underfunded and out classed by the outside world...will this lead us to fall behind on technology, technology that could bring us out of all of this...Post depression and expansion of the United States was brought about by Industrialzation of America and sharing it with the world, has our government gone to far!! Will the world return the kindness we have extended them for years!!!! Will the BIRD FLU kill the majority of us Depressed Americans and save the Government big dollars on the Baby Boomer retirment!!! That is if big business has left anything for them to retire to...Is it all so well orchistrated that the sheep will follow...or will they have a choice?

longnine009 · December 7, 2005 8:31PM

I don't think we're in a depression yet but with the insane debt people and governments-- at all levels-- are carrying, how can it be avoided? We may well be the generation of which much is given *and* expected.

I don't believe we're ready for it. It was tough on a generation that really was tough. With the exception of war vets, about the only "rendezvous with destiny" we ever had was kissing our parakeet mirrors.

CollectingsFun · December 7, 2005 10:36PM

1938, though it really got kicked out fully by 1942.

Michigan · December 7, 2005 10:54PM

<< I live in Michigan, are you sure it's over?

>>

Michigan is going through a harsh economic restructuring due to the decline of the auto industry and
manufacturing in general. I don't see things getting better for years to come. Politicians talk about diversifying the economy but that is going to take decades to really happen on a large scale. In the meantime there
are thousands of factory workers with meager skills not suited to a changing economy and facing the
prospect of retraining for other jobs that are most likely going to pay less than what they were making
before.

Facing the reality that you are most likely going to make less money and have to live a lower class lifestyle
is hard to take. There is a lot of bitterness and anger about how they ended up in the situation they
are now facing.

There is a doom and gloom atmosphere in this state that is hard to ignore or get away from.

How to end this on a positive note.... I still have my coins to give me collecting pleasure despite the
negative economics.

saintguru · December 7, 2005 11:23PM

Clearly, there is a vacuum of knowledge here regarding ECONOMICS.

The "end of the Depression" is not about psychology! It did NOT end at the conclusion of WWII...The economy was booming by the early 40's. The depression ended years before that!

carl · December 8, 2005 12:34AM

You never said which depression. If the so called big one in the early 30's, it never really just ended. It sort of slowly became BETTER times. I lived through the so called end of that era. We still had nothing for many years. There has been numerous, not depresssions, but recessions ever since. Nowadays the depressions are hidden from the populace so as not to make it worse than it is. For instance the unimployment statistics. If your collecting unimployment insurance you go on the records of the unimployed. It used to be for a year. Now if's shortened to 6 months and with an extension, 9 months. After you can no longer collect it your considered NOT unimployed so you do not make the statistics shown on the news media. Therefore, if the unimployment figure is dropping it dose not mean more people are working, it means less are eligible to collect unimployment insurance. Some individuals worked for a company that went bankrupt and never contributed to the unimployment situation, therefore when they were layed off they could not collect so again, not in the statistics. The point I am making is our government and news media nowadays just hides how bad the economy is so we all run out and spend more. The trouble is what we are spending is now going to pay for items made in other countries as already noted on this thread. Someone here mentioned Michigan. Similar or even worse around the Gary Indiana area. We have millions out of work and many children with little food and cloths so we have drives to collect for that while our government spends billions on people overseas where most goes to the ones that don't need anything.
Sorry for getting on a soap box but I've lived a long time and seen to much suffering, starfation and pain to say the depression is really over at a certain date.

Conder101 · December 8, 2005 1:34AM

Perryhall has it, the war caused the improvement in the economy that brought us out of the depression, but it didn't have to wait until we got into the war ourselves. The improvemnet came about from us moving onto a war production footing to supply the allies during the 1938-39 period so that by 1941 our own economy was well into recovery.

saintguru · December 8, 2005 1:46AM

Condor is right on the money. It's is about economics. FDR had restored employment to a very healthy level with all the federal programs, Detroit was very busy, and we were producing goods for US consumption, exporting again, and also forseeing trouble in Europe and building military goods. The GDP was growing very nicely. That is not a Depression. It was over in 1938 and we entered a reasonable boom period for over a decade.

cladking · December 8, 2005 6:28AM

<< Condor is right on the money. It's is about economics. FDR had restored employment to a very healthy level with all the federal programs, Detroit was very busy, and we were producing goods for US consumption, exporting again, and also forseeing trouble in Europe and building military goods. The GDP was growing very nicely. That is not a Depression. It was over in 1938 and we entered a reasonable boom period for over a decade. >>

Certainly the bottom had been reached as early as 1934 but this didn't help many
people like the farmers who were still a sizable portion of the population in those
days. Many of the jobs in 1938 were make-work jobs in the WPA and the like. In-
dustry was starting to recover in '38/ '39 but there were still armies of wandering
hobos and the indigent right up to 1942. Pick a date if you like but most of those
who lived through it didn't really believe it was over until 1946 unless they lived in the
city and got a job in a defense plant. Money was available during the war partially
because there was rationing of most products. Remember there were no cars and
trucks in production and driving was difficult because gas and tires were closely rat-
ioned.

oreville · December 8, 2005 7:01AM

One of the measures to determine confidence in our economy was the Dow Jones Industrial Average:

30 1/2/1929 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 307.01 0
31 1/2/1930 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 244.2 0
32 1/2/1931 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 169.84 0
33 12/31/1931 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 77.9 0
34 12/30/1932 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 60.26 0
35 1/2/1934 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 100.36 0
36 1/2/1935 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 104.51 0
37 1/2/1936 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 144.13 0
38 12/31/1936 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 179.9 0
39 12/31/1937 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 120.85 0
40 12/30/1938 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 154.36 0
41 1/2/1940 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 151.43 0
42 1/2/1941 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 130.57 0
43 1/2/1942 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 112.77 0

The DJIA was trying to bounce back in 1935 and 1936 (see that it rose to from 104.51 on 1/2/1935 to 179.9 on 12/31/1936). But 1937 was a very bad year with a dead cat rebound in 1938 to 154.36 by 12/30/1938. But 1939, 1940 and 1941 ALL SAW DECLINES!!!!

The economy was in worse shape at the end of 1941 than in 1936. In fact, the DJIA on 1/2/1942 was 21.7% lower than on 1/2/1936. In fact, the 1/2/1942 DJIA of 112.77 was still lower than the Dow Industrial Average of 121.25 on 12/30/1924, 17 YEARS EARLIER! It was not until 12/31/1943 that the year-end DJIA finished higher than in 1924!!!!!

mjhoffpauir · December 8, 2005 7:28AM

What's the depression???...

dlimb2 · December 8, 2005 8:13AM

oreville, that is great research...how does the last ten years from 1995 until today look? I am sure the tale tale isn't there yet, but to keep an eye on it for the next few years would not be a bad idea.

oreville · December 8, 2005 8:29AM

dlimb2: Here you go; I did even better, from 1929 to 2005:

30 1/2/1929 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 307.01 0
31 1/2/1930 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 244.2 0
32 1/2/1931 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 169.84 0
33 12/31/1931 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 77.9
34 12/30/1932 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 60.26
35 1/2/1934 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 100.36 0
36 1/2/1935 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 104.51 0
37 1/2/1936 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 144.13 0
38 12/31/1936 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 179.9
39 12/31/1937 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 120.85
40 12/30/1938 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 154.36
41 1/2/1940 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 151.43 0
42 1/2/1941 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 130.57 0
43 1/2/1942 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 112.77 0
44 12/31/1942 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 119.4 0
45 12/31/1943 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 135.89 0
46 1/2/1945 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 152.58 0
47 1/2/1946 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 191.66 0
48 1/2/1947 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 176.39 0
49 1/2/1948 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 181.04 0
50 12/31/1948 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 177.3 0
51 12/30/1949 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 200.52 0
52 1/2/1951 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 239.92 0
53 1/2/1952 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 269.86 0
54 1/2/1953 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 292.14 0
55 12/31/1953 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 280.9 0
56 12/31/1954 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 404.39 0
57 12/30/1955 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 488.4 0
58 1/2/1957 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 496.03 0
59 1/2/1958 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 439.27 0
60 1/2/1959 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 587.59 0
61 12/31/1959 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 679.36 0
62 12/30/1960 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 615.89 0
63 1/2/1962 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 724.71 0
64 1/2/1963 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 646.79 0
65 1/2/1964 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 766.08 0
66 12/31/1964 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 874.13 0
67 12/31/1965 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 969.26 0
68 12/30/1966 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 785.69 0
69 1/2/1968 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 906.84 0
70 1/2/1969 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 947.73 0
71 1/2/1970 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 809.2 0
72 12/31/1970 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 838.92 0
73 12/31/1971 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 890.2 0
74 1/2/1973 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1031.68 0
75 1/2/1974 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 855.32 0
76 1/2/1975 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 632.04 0
77 1/2/1976 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 858.71 0
78 12/31/1976 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1004.65 0
79 12/30/1977 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 831.17 0
80 1/2/1979 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 811.42 0
81 1/2/1980 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 824.57 0
82 1/2/1981 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 972.78 0
83 12/31/1981 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 875 0
84 12/31/1982 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1046.54 0
85 12/30/1983 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1258.64 0
86 1/2/1985 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1198.87 0
87 1/2/1986 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1537.73 0
88 1/2/1987 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 1927.31 0
89 12/31/1987 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad
90 1/2/1990 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 2810.15
91 1/2/1991 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 2610.64
92 1/2/1992 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 3172.41
93 12/31/1992 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 3301.11
94 12/31/1993 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 3754.09
95 1/2/1996 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 5177.45
96 1/2/1997 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 6442.49
97 1/2/1998 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 7965.04
98 12/31/1998 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 9181.43
99 12/31/1999 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 11497.12
100 1/2/2001 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 10646.15
101 1/2/2002 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 10073.4
102 1/2/2003 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 8607.52
103 1/2/2004 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 10409.85
104 12/31/2004 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 10783.01
105 4/12/2005 US USD Industrial (avg. avail. from: 26-May-1896) [ DJI ] Broad 10507.97

dlimb2 · December 8, 2005 10:13AM

oreville , Great...If we retract back to 95, we will be in big trouble...it has doubled since then...is it still over extended...I think so...with no exports per say and the job markets down...figures dont add up...but eventually they will!! It will be truely tragic....those numbers are not much lower than 2000's so the true correction has not come about, but it will.

nankraut · December 8, 2005 10:18AM

relayer said: "War is good for business and it also gives everybody something to do,"

You MUST be joking, right?

dlimb2 · December 8, 2005 10:22AM

Only one making out like a bandit is Halliburton....My father gave 25 years (Hard Years)of his life to them for peanuts considering what Chaney walked away with,with about 5 years.... It is a shame he didn't stay long enough with Halliburton to drive them into bankruptcy, which they were on the verge of at the time.

roadrunner · December 8, 2005 10:24AM

Not only war, but now hurricanes, earthquakes, mudslides, insurrections and tsunamis are also great for business if you ask an
economist. Others may disagree.

roadrunner

oreville · December 8, 2005 10:46AM

dlimb2: Yes indeed, they have doubled since 1995 but you need to be careful in your analysis since the 1995 numbers were 500% greater than 1966 nearly 30 years before and possibly those 1995 numbers might have been still undervalued at the time. Of course another question is how much of those DJIA are driven by inflation?

I am not sure anyone really knows.

ILikeDimes · December 8, 2005 10:47AM

<< 

<< What year was the depression considered OVER? >>

Easy: October 27, 2004 at 11:40 PM EDT when Edgar Renteria tapped an easy grounder back to Keith Foulke that resulted in the final out in the first Red Sox World Series victory since 1918. >>

how did edgar renteria make the last out of a red sox victory?

matteproof · December 8, 2005 10:49AM

Many historians are of the view that the depression ended with the start of WWII. However, while WWII was underway, America ran massive deficits to finance the war effort. To my mind, such economics did not (could not) signal an end to Depression (although the war certainly took America's mind off of finances and focused on the war). Fiat money expansion was underway during this period. After the war, things were so desperate that it lead to the “Bretton Woods Convention" which sought to preserve the status quo (including economic status quo) and to maintain world order and peace. Bretton Woods itself would ultimately fail as well.

As I see it, the Depression ended around 1958 or so under Eisenhower (I believe he was President from 1953-1961). The economic increase from the “military industrial complex” coupled with the suburbanization of America (the building of nice little American homes and growing families), the construction of interstate highways (much of it done under Ike) and the return of the stock market as a true medium of wealth building for many Americans, marked the beginning of the new era and an end to the Depression of 1929.

matteproof

rip · December 8, 2005 10:49AM

Woops......thought this was the U.S. Coin Forum

What year was the depression considered OVER?

Comments

Leave a Comment