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So I got curious...

Discussion in 'The Okie Corral' started by Glock20 10mm, Feb 27, 2013.

  1. Glock20 10mm

    Glock20 10mm Use Linux!

    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_n2/connections_n2/great_depression.html

    If you don't see the parallels to then and now you are being willfully obtuse.
     
  2. itisbruno

    itisbruno Devious Member CLM

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    Please do not call me names, it hertz mah widdle fewwings.


    :tongueout:
     

  3. Mrs.Cicero

    Mrs.Cicero Wayward Member

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    far from home
    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.
     
  4. Actually, the parallels aren't nearly as good as you think. The monetary system is far more global now and more heavily regulated.
     
  5. Cali-Glock

    Cali-Glock Mountain Man

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    You just described the majority of Americans and a super-majority of elected officials.
     
  6. Dennis in MA

    Dennis in MA Get off my lawn

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    I think you are about 5 years too late. You might be willfully obtuse, too. But that's your call.