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.Figure 5.1 U.S. Exports and Imports, 1921-1930 Senator Smoot insisted that the picture drawn by the Democrats on Monday, when the Senate passed the Senate resolution, was much overdrawn. He admitted that some unemployment existed, anbsp;...
|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|