- published: 22 Jan 2017
- views: 6166
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.
The depression originated in the United States, after a fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.
The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.
Main Street is a generic phrase used to denote a primary retail street of a village, town or small city in many parts of the world. It is usually a focal point for shops and retailers in the central business district, and is most often used in reference to retailing and socializing.
The term is commonly used in Ireland, Scotland, the United States, Canada, and less often in Australia and New Zealand. In most of the United Kingdom the common description is High Street. However, the term "Main Street" is sometimes used in the UK, for instance, in the village of Sutton Cheney. In Jamaica the term is Front Street. In some parts of the south west of England the equivalent used is Fore Street.
In some larger cities, there may be several Main Streets, each relating to a specific neighborhood or formerly separate city, rather than the city as a whole. In many larger U.S. cities "Main Street" is a U.S. Highway; "Main Street of America" branding was used to promote U.S. Route 66 in its heyday.
Wall Street is a 0.7-mile-long (1.1 km) street running eight blocks, roughly northwest to southeast, from Broadway to South Street on the East River in the Financial District of Lower Manhattan, New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.
Anchored by Wall Street, New York City has been called both the most economically powerful city and the leading financial center of the world, and the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. Several other major exchanges have or had headquarters in the Wall Street area, including the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange.
There are varying accounts about how the Dutch-named "de Waal Straat" got its name. A generally accepted version is that the name of the street was derived from an earthen wall on the northern boundary of the New Amsterdam settlement, perhaps to protect against English colonial encroachment or incursions by Native Americans. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. The Dutch word "wal" can be translated as "rampart". However, even some English maps show the name as Waal Straat, and not as Wal Straat.
Alasdair Macleod, FinanceAndEconomics.org, gives his ideas on what may occur this year and beyond as debt grows exponentially compared economic growth.
https://sdbullion.com http://www.silverdoctors.com/precious-metals-market-podcast/ Since the beginning of the year, gold and silver have been some of the best-performing assets. Alasdair MacLeod from GoldMoney.com joins Silver Doctors to discuss the recent price action in the precious metals markets. MacLeod sees inflation to be the story in 2017, which means higher prices for gold and silver. MacLeod says Trump is missing the fundamental reason behind trade imbalances. The solution to trade imbalances is sound money. If Trump fails to learn this, he will lead America into a repeat of the Great Depression, MacLeod said.
https://sdbullion.com http://www.silverdoctors.com/precious-metals-market-podcast/ Since the beginning of the year, gold and silver have been some of the best-performing assets. Alasdair MacLeod from GoldMoney.com joins Silver Doctors to discuss the recent price action in the precious metals markets. MacLeod sees inflation to be the story in 2017, which means higher prices for gold and silver. MacLeod says Trump is missing the fundamental reason behind trade imbalances. The solution to trade imbalances is sound money. If Trump fails to learn this, he will lead America into a repeat of the Great Depression, MacLeod said.
This Resource Setup for probable once in a Decade 10 Bagger: http://futuremoneytrends.com/U Alasdair is here to day to talk about the present and future of the US. He is going to talk about the future of gold regarding the eminent assumption of Trump to the presidency, and the economic situation he will have to face for the next years like the Inflation and higher interest rates. Also he will give an analysis of the role that media is playing today covering some of tha bad economic news. 01:30 Future of Gold with the Assumption of Trump 07:05 Trump Facing Systemic Prices During the next Years 11:20 Media Coverage of Bad News on Trump s Presidency
Jason Burack of Wall St for Main St interviewed returning guest, head of research at Gold Money https://www.goldmoney.com/, Alasdair Macleod. Alasdair has over 20 years experience working in the financial industry. Alasdair's articles are available here: https://wealth.goldmoney.com/research/goldmoney-insights Jason asks Alasdair for an update on Brexit and also about the flash crash the British Pound had against the US Dollar where the Pound crashed a record 6% in only 2 minutes! Jason and Alasdair discuss how central banks have kept loading on debt and other assets onto their balance sheets and how much worse the global debt problem is since 2008. Alasdair says a tiny increase in interest rates could collapse the global financial system because of how leveraged it has become. Nothi...
On Fin Tales this morning, ten days after $300 billion dollars worth of cash in India was declared worthless by Prime Minister, Narendra Modi, we spoke to to Alasdair Macleod, Head of Research at GoldMoney, about the implications of this extraordinary event both for India, and for the world. We covered the event itself, what caused the announcement, what may lie behind the announcement as regards the global banking system, and what the consequences may be as regards crypto-currencies, the gold market in India, and the potential eventual emergence of a gold-backed Yuan via the Shanghai Cooperation Organisation, which India is set to join in 2017, in conjunction with China, Russia, and Pakistan, along with several other central Asian nations. Main site: http://finlingo.com/ Subscribe on iTu...
FRA is joined by Alasdair Macleod and Jayant Bhandari on discussing India’s war on cash and the impact of China and Trump on the world. Click here for the full summary: http://financialrepressionauthority.com/2017/01/20/the-roundtable-insight-the-impacts-of-trump-china-india-on-the-world-economy-and-investment-environment/
Since the beginning of the year, gold and silver have been some of the best-performing assets. Alasdair MacLeod from GoldMoney.com joins FinanceAndLiberty to discuss the recent price action in the precious metals markets. MacLeod sees inflation to be the story in 2017, which means higher prices for gold and silver. MacLeod says Trump is missing the fundamental reason behind trade imbalances. The solution to trade imbalances is sound money. If Trump fails to learn this, he will lead America into a repeat of the Great Depression, MacLeod said. FINANCE AND LIBERTY: SUBSCRIBE (It's FREE!) for more ►http://bit.ly/Subscription-Link Website ►http://FinanceAndLiberty.com Like us on Facebook ►http://fb.com/FinanceAndLiberty Follow us on Twitter ►http://twitter.com/Finance_Liberty Google Plus ►htt...
Alasdair MacLeod from Gold Money joins Silver Doctors to reveal banks are increasing their lending of money. If more money is lent, there will be more money in the system, causing price inflation. Will the Fed raise interest rates to prevent this inflation? MacLeod says the Fed is too worried about deflation to make a significant rate hike. While the U.S. dollar has shown strength against other currencies, it has been weak with respect to commodities, MacLeod points out. When it comes to precious metals, MacLeod says gold will continue to rise to account for the expansion of the paper currency supply. Based on how much the dollar has been inflated, MacLeod calculates gold should rise to $4,000/oz - $11,000/oz. MacLeod predicts the correction in the precious metals is over. He sees gold ...
The Calm Before the Storm Alasdair Macleod
The Calm Before the Storm Alasdair Macleod
The Calm Before the Storm Alasdair Macleod
The Calm Before The Storm Alasdair Macleod, The Calm Before The Storm Alasdair Macleod
Alasdair Macleod Gold Rising, Dollar Going Down
Gold Is A Financial Nuclear Weapon Alasdair MacLeod