Shows how and why the Stock Market Crash of 1929 and the Financial Meltdown of 2008 both occurred under Republican Administrations. In both cases, unsustainable policy measures aimed at increasing purchasing power led to boom and bust. In the 1920's, tariff policy was used to bolster product markets; in the 1980's and 1990's, easy credit (consumer and mortgage) policies were used to do likewise. Both proved to be unsustainable, leading ultimately to financial meltdowns---the Stock Market Crash of 1929 and the Financial Meltdown of 2008.This book has presented a theory of the financial meltdown and stock Market Crash of 2008 and the Stock Market Crash of 1929 based on ... underlying cause, namely technological-change induced underincomeaspecifically, electrification in the 1910a#39;s and 1920a#39;s and factory ... International trade is a zero-sum game, rendering import substitution as a means of increasing overall expenditure ineffective.
|Title||:||How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown Of 2008|
|Author||:||Bernard C. Beaudreau|
|Publisher||:||Lulu.com - 2009-04-30|