TOP 5 CAUSES OF THE GREAT DEPRESSION
(if we don’t read history we repeat it)
What caused the Great Depression, the worst economic depression in US history? It was not just one factor, but instead a combination of domestic and worldwide conditions that led to the Great Depression. As such, there is no agreed upon list of all the causes of the Great Depression. Here instead is a list of the top reasons that historians and economists have cited as causing the Great Depression.
Click on:
Scottsdale economist sees parallels to Great Depression
LARGEST BANK IN U. S. HISTORY FAILS
Sept. 26 (Bloomberg) — JPMorgan Chase & Co. became the biggest U.S. bank by deposits, acquiring Washington Mutual Inc.‘s branch network for $1.9 billion after the thrift was seized in the largest U.S. bank failure in history.
Click on:
GAS SHORTAGE TO CONTINUE FOR SEVERAL WEEKS
Atlanta – The effects of hurricane Ike largely emptied two critical gasoline pipelines that feed much of the South, leading to widespread panic-buying, shuttered pumps, and even some fistfights as motorists vied for precious drops of gas from Anniston, Ala., to Asheville, N.C.
Although public officials called for calm, promising quick relief, experts such as Atlanta gasoline distributor Tex Pitfield said it could actually take another two weeks for supplies to ramp up.
That’s because the widespread flooding and power outages that shut down 15 Houston-area refineries are not the only reasons why some 75 percent of gas stations in the region have plastic bags over their pump handles.
WHAT TO DO DURING TOUGH TIMES
After being diagnosed with debilitating arthritis and forced to retire on disability from her civilian job with the Army, Kim R. Love, 49, of Chesapeake, Va., didn’t think things could get worse. But then her husband, Grady, 58, lost his shipping job and later suffered a heart attack. Last February, without health insurance and no income, they moved into the five-bedroom house where Love grew up with her parents, now retired and in their 60s.
“I never thought I would be back at home in my own bedroom,” Love says.
Click on:
IN TIMES OF FEAR WE NEED TO PAUSE, LOOK AT THE DYNAMICS, MAKE SURE ALL CONCERNED ARE TREATED FAIRLY, DECIDE ON THE BEST COURSE TO TAKE AND DO IT, DON’T YOU THINK?
Click on: