8.14.19.SKULL.1

I’m reading “The Great Depression: The United States in the Thirties” by Robert Goldston (Fawcett, 1968). Tom picked this up in a used bookstore years ago and read it, also years ago.
Interesting reading. The main point that jumps out is that the Great Depression was caused by multiple unfortunate events, including the collapse of the farm business post World War I, foreclosure of thousands of small farms, big corporations skimming off profits and speculating on the stock market, the collapse of the stock market and of personal credit, the resulting massive unemployment (25%), the collapse of farming prices resulting in farmers dumping milk and killing 60 million pigs that were not butchered for the consumer market, the rise of Hoovervilles, camps of homeless people, and the Dust Bowl in the Midwest, a drought so terrible that thick storms of dust swept over the land and millions of people fled.
Does any of this sound familiar?
Well, we don’t have the Dust Bowl, but we do have the Virus. Farmers in the Midwest are now facing hard times due to floods last winter. And the oil industry (of all things) is collapsing. Same with the airline industry, the tourism industry, and the entertainment industry.
Thirty-six million unemployed, the last time I looked.
The good news is that, as a result of that time, we have in place a whole range of financial safeguards. But the New Deal in 1934 didn’t restore the economy. Will the various stimulus bills work?
Some people on Facebook say no.
The conventional wisdom is that only World War II restored the American economy with the massive war industries. But I don’t think we have an event like that on the horizon.
We’re ALREADY in World War III, and it’s not conventional warfare.
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