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If it was important then the Batley Townswomen's Guild would have staged a re-enactment.
Must not have been high on their priority list.
Or they are drawing a blank like everyone that has posted so far in this thread.
If you don't know your history, how are you not going to be led down that road again. Which is the whole problem facing us today.
Many are being led to a very bad place, we have been before as a nation and it was not pretty.
Another hint: it was labeled in modern history as a recession, because it lasted less than 3 years.
That is not the definition of recession. Try again.
But you completely ignored my question. Are you looking for a one-dimensional argument, or one that involves at least two? Severity of a recession is important, but so are a multitude of other considerations including the duration and the causes.
This is a thread you've started. So you should explain the terms necessary. So, are you just looking for one-dimensional thinking?
That is not the definition of recession. Try again.
But you completely ignored my question. Are you looking for a one-dimensional argument, or one that involves at least two? Severity of a recession is important, but so are a multitude of other considerations including the duration and the causes.
This is a thread you've started. So you should explain the terms necessary. So, are you just looking for one-dimensional thinking?
Two informal rules to be classified as a depression are a 10% decline in GDP, or a recession lasting more than three years.
Today, under Obama, we are entering the 3 year mark.
This is a thread you've started. So you should explain the terms necessary. So, are you just looking for one-dimensional thinking?
It is playing out nicely.
I wish for everyone, not just you, to use what GOD has given us all.
If I give you the answer you will pass the test, but not retain a thing.
History is something that can be learned by research.
Another hint:
It was a period of turmoil for labor unions, as they lost their bargaining power.
Major strikes included an iron and steel workers, coal miners and transportation.
With unemployment rates rising, labor unions ceased their aggressive stance and labor peace returned. This allowed for wages and prices to fall to a recoverable rate, or be out of work.
Two informal rules to be classified as a depression are a 10% decline in GDP, or a recession lasting more than three years.
Today, under Obama, we are entering the 3 year mark.
Well, it doesn't surprise me that the purpose of this thread was to blame Obama for a recession. But let us get a few things straightened out.
You started with the premise (the title clearly suggests that) of worst economic drop in history. It didn't clarify whether you considered the duration. You finally appear to consider it.
Now, you're intent on suggesting that Obama has been in office for as long as the recession. It was already over a year old (based on the official definition of a recession) when Obama took the office. Do you not remember that?
And using the very same definition of a recession, it was over a while ago. Or, are you using a different definition of a recession now, compared to when it started?
See, a debate makes sense when the person initiating it is informed and puts forward his/her points in a logical manner with enough thought into it. You did not do that. You did what is a no-brainer, and anybody could do it. Take the points drawn on a board by a commentator on a tv or radio and stick to it no matter what.
If you still want to discuss the current economic situation, then how about you share your idea of when this economy was truly healthy over last ten years? I will look forward to it.
And going back to, what was presented as the premise of this thread, what do you think of the depression that lasted SIX years, started in 1815?
Quote:
Originally Posted by BentBow
Some already know the answer. The PM's are funny.
Yes they are, especially when people send them to avoid a discussion out in the open, knowing very well that they will be put in place pretty quickly.
Dang, how did our government fix that mess??? Obama, his administration and a Progressive super majority sure hasn't been able to fix the little trouble we are in.
Keep your pants on.
This recession is the worst in generations. It took more than a couple of years to ruin the economy. It's taking more than a couple to rebuild it. But it is improving. Slowly and not with enough job growth, but it is improving. It could have been much worse w/o some fast action by both Bush and Obama.
Two informal rules to be classified as a depression are a 10% decline in GDP, or a recession lasting more than three years.
Today, under Obama, we are entering the 3 year mark.
Err...recession ended June 2009. Sorry to bust your bubble in trying to link the 1920-21 recession to the last recession.
And an economic definition of depression is a decline of GDP of more than 10%.
There is no "informal" definition, or even hint of time. Every economic downturn prior to 1938 was labeled a depression, despite the severity.
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Which is the whole problem facing us today.
