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How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown of 2008

How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown of 2008

ByBernard C. Beaudreau

Shows how and why the Stock Market Crash of 1929 and the Financial Meltdown of 2008 both occurred under Republican Administrations. In both cases, unsustainable policy measures aimed at increasing purchasing power led to boom and bust. In the 1920's, tariff policy was used to bolster product markets; in the 1980's and 1990's, easy credit (consumer and mortgage) policies were used to do likewise. Both proved to be unsustainable, leading ultimately to financial meltdowns---the Stock Market Crash of 1929 and the Financial Meltdown of 2008.

Details

Publication Date
Sep 29, 2011
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Bernard C. Beaudreau

Specifications

Format
PDF

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