Glock Talk
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02-27-2013, 16:24
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#1
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Use Linux!
Join Date: Dec 2005
Location: Land of Idiots and Libtards
Posts: 14,122
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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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02-27-2013, 16:29
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#2
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CLM Number 103
Devious Member
Join Date: Mar 2005
Location: Raccoon City
Posts: 23,312
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Please do not call me names, it hertz mah widdle fewwings.
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02-27-2013, 17:35
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#3
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Wayward Member
Join Date: Aug 2004
Location: far from home
Posts: 3,631
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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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"Oh bother," said Pooh, as he chambered another round.
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02-27-2013, 17:37
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#4
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Senior Member
Join Date: Aug 2002
Location: Sometimes here, sometimes there
Posts: 11,298
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Quote:
Originally Posted by Glock20 10mm
If you don't see the parallels to then and now you are being willfully obtuse.
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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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02-27-2013, 18:53
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#5
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Mountain Man
Join Date: Feb 2002
Location: California Sierra Mnts
Posts: 11,333
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Quote:
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If you don't see the parallels to then and now you are being willfully obtuse.
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You just described the majority of Americans and a super-majority of elected officials.
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02-27-2013, 19:19
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#6
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Get off my lawn
Join Date: Aug 2001
Location: Taunton, MA
Posts: 46,247
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Quote:
Originally Posted by Glock20 10mm
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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