Critics of some mild regulatory forbearance during this most serious of crises since the Great Depression will no doubt cite transparency as essential, but the two can go together.
We have gone through obviously the toughest economic situation since the Great Depression, and no state has been untouched, no group of people has been untouched by the devastation.
However, in the midst of the worst recession since the Great Depression, this argument holds no water whatsoever.
After a 79 year run that began in the depths of the Great Depression, Newsweek will be no more when 2013 dawns.
Since the last credit crisis was the worst that has been experienced since the Great Depression, it should come as no surprise that this recovery is having an extremely difficult time gaining traction.
The chief meddler would have to be the U.S. Of course we had that little issue of the Iran-Contra Affair, but long before it, the U.S. asserted its will in Nicaragua with boots on the ground from 1909 until 1933, when we could no longer afford to intervene mired in our own Great Depression.
The answer relates to a belief that another big shoe will drop in what is now Year No. 5 of the greatest financial crisis since the Great Depression.
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In 1937, the Fed drastically increased reserve requirements for no obvious reason, thereby producing the second leg of the Great Depression, as well as untold misery.
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During the Great Depression, Maritz was left with inventory but no customers, so its then-CEO decided to try to sell the inventory as a form of reward to long-term employees.
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From mid-2004 until this February. there were no failures, the largest span of time without any since the Great Depression.
By the election of 1960, there was no sense that the country had shed for good the experience of the Great Depression of the 1930s.
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No longer focused on the need for dramatic hoarding of cash to survive a potential 2nd Great Depression, even in a temporary setback created by government belt-tightening, corporations will be able to see the light at the end of the tunnel, and begin investing for growth again, spending some of that cash hoard in preparation for better times ahead.
No one wants to see again the endless breadlines and starving children that we saw in the Great Depression.
But here we are 46 months after the last recession started, and still no real economic recovery, with unemployment still over 9%, the longest period of unemployment that high since the Great Depression.
There are few outlaws in the United States as famous as Bonnie and Clyde a young couple, with no jobs or prospects, driving across the country robbing banks and killing police officers to make ends meet during the Great Depression.
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