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jjprojects
Interestingly enough, it was a free market loving Republican govt that did little to regulate back in 1929 too.
History has a bad habit of repeating itself when humans are involved. - Alex Scoble
Once, maybe it was a mistake. Twice, I'm beginning to think they're doing it on purpose. - Victor Ganata from iPod
People "played" the market and watched share prices constantly from tickertape machines in cafés, clubs and worplaces. Remind you of anything? Tickertape was the new tech. Car companies were the high flyers. People lost fortunes. Hmm, deja vu. - jjprojects from iPhone
Warnings of a crash were ignored. Few believed it would happen. Top investment bankers advised the president the good times would roll on. No need for intervention. Result: massive crash, followed by Great Depression. Questioning of Capitlism in Europe. Rise of nationalism, communism, facism and then world war. - jjprojects from iPhone