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<blockquote data-quote="Brute 23" data-source="post: 1456890" data-attributes="member: 6291"><p>No, people panicking and not understanding the stock market caused the great depression. It was just a normal recession until people panicked and started pulling their money. Even then, the stock market only dropped 30%. Had people not panicked and burried their money in cans it would have recovered faster and would not have been an issue.</p><p></p><p>Even then the stock market drop was a symptom not the cause. The cause for the recession that started the great depression was from lack of growth and a weak economy. </p><p></p><p>Guess how your prevent a week economy... Ding! Ding! Ding!... cut taxes... put money in the hands of the people to spend, invest, etc.</p><p></p><p>Soooo... It's government taxes like social security that cause ressionsions... That lead to great depressions... That the government has to creat programs to save us from... then the programs cause recessions... That lead to great depressions... That lead to government programs... So on and so forth </p><p></p><p>Do you see the cycle. When the govt removes money from the hands of the people to put back in to the economy that is where the problems start. I do believe there needs to be laws to help guide people like auto insurance but the government doesnt not need to mandate it, operate it, own it, etc like they do with social security.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1456890, member: 6291"] No, people panicking and not understanding the stock market caused the great depression. It was just a normal recession until people panicked and started pulling their money. Even then, the stock market only dropped 30%. Had people not panicked and burried their money in cans it would have recovered faster and would not have been an issue. Even then the stock market drop was a symptom not the cause. The cause for the recession that started the great depression was from lack of growth and a weak economy. Guess how your prevent a week economy... Ding! Ding! Ding!... cut taxes... put money in the hands of the people to spend, invest, etc. Soooo... It's government taxes like social security that cause ressionsions... That lead to great depressions... That the government has to creat programs to save us from... then the programs cause recessions... That lead to great depressions... That lead to government programs... So on and so forth Do you see the cycle. When the govt removes money from the hands of the people to put back in to the economy that is where the problems start. I do believe there needs to be laws to help guide people like auto insurance but the government doesnt not need to mandate it, operate it, own it, etc like they do with social security. [/QUOTE]
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