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Old 02-27-2013, 16:24   #1
Glock20 10mm
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So I got curious...

I love history and it's lessons to be learned... I wish I didn't, I suppose I would be a bit more joyful to be around. Anyhow I was reading the headlines today and saw that the stock market closed high again... that prompted the question in my nugget: "I wonder how the market performed just before the big crash in 1929?"

Here's the answer:

http://www.hyperhistory.com/online_n...epression.html

If you don't see the parallels to then and now you are being willfully obtuse.
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Old 02-27-2013, 16:29   #2
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Old 02-27-2013, 17:35   #3
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I don't know that I trust that site, since it had this to say...

1925

The top tax rate is lowered to 25 percent - the lowest top rate in the eight decades since World War I.



That would make WWI happen in 1845. We had no income tax until 1862, and it only lasted til 1872, then the gov tried again in 1894 and 1895, temporarily gave up when the Sups said it wasn't Constitutional, so they slapped the 16th Amendment on in 1913 and started taxing us all to hell and gone... for the next hundred years.
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Old 02-27-2013, 17:37   #4
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Quote:
Originally Posted by Glock20 10mm View Post

If you don't see the parallels to then and now you are being willfully obtuse.
Actually, the parallels aren't nearly as good as you think. The monetary system is far more global now and more heavily regulated.
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Old 02-27-2013, 18:53   #5
Cali-Glock
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Quote:
If you don't see the parallels to then and now you are being willfully obtuse.
You just described the majority of Americans and a super-majority of elected officials.
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Old 02-27-2013, 19:19   #6
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Quote:
Originally Posted by Glock20 10mm View Post
I love history and it's lessons to be learned... I wish I didn't, I suppose I would be a bit more joyful to be around. Anyhow I was reading the headlines today and saw that the stock market closed high again... that prompted the question in my nugget: "I wonder how the market performed just before the big crash in 1929?"

Here's the answer:

http://www.hyperhistory.com/online_n...epression.html

If you don't see the parallels to then and now you are being willfully obtuse.
I think you are about 5 years too late. You might be willfully obtuse, too. But that's your call.
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