Items tagged "Consumer": 2

Similarly to the Hornet’s Nest cartoon, this image refers to the 1938 recession. The Great Depression in 1929 came as a result of the collapse of the credit system. Easy money caused stocks to boom, encouraged speculation, and encouraged higher wages and prices. The system was a “coin tossing game” however, and when the credit failed the whole…

Under FDR the government began to instate many policies to centralize and increase the control that was held over many of industries. Keynesian economics argued that people would need to accept an increase of government regimentation as consumers, farmers, businesses and industries in order for the economy to make improvements. The image below…