Airlines Going Under

[YellowFever777]

Originally Posted by Sqwak7700

There was no depression in the 20s. There was a short, sharp recession (about a year and a half long). This was followed by the “roaring 20s”, a period of massive growth and prosperity.

So how accurate and useful is your opinion when you don’t even know what you are talking about? Suggest you read up on what led to the great Depression in the 1930s and you will see a lot of parallels.

• The Great Depression was a worldwide economic depression that lasted 10 years. It began on “Black Thursday," Oct. 24, 1929.
• The depression was caused by the stock market crash of 1929 and the Fed’s reluctance to increase the money supply
• GDP during the Great Depression fell by half, limiting economic movement.
• A combination of the New Deal and World War II lifted the U.S. out of the Depression.

​​​​​​Would you be happier if I edited my original post to read 'the depression which began in 1929 and lasted 10 years' sqwak?