There have been other depresions.....

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	There have been other depresions.....

mooner-one

10-8-2008 7:28 PM

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mooner-one says:

other than the '30's....

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/61992494-3d6c-4dba-b3e0-4c61c3381988/3326FF33-6307-4395-B3F9-DF4E9F895F5A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://en.wikipedia.org/w/index.php?title=Panic_of_1837&oldid=243541357" href="http://en.wikipedia.org/w/index.php?title=Panic_of_1837&oldid=243541357" style="font-size: 11px;">en.wikipedia.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://en.wikipedia.org/w/index.php?title=Panic_of_1837&oldid=243541357"><H1 class="firstHeading"><SPAN><SPAN>Panic of 1837</SPAN><SPAN> <A href="http://www.stumbleupon.com/url/en.wikipedia.org/wiki/Panic_of_1837" title="Read 1 review" slt=""><IMG height="13" width="13" border="0" src="http://en.wikipedia.org/wiki/chrome://stumbleupon/content/skin/smallstumble.png" /> <IMG height="10" width="10" border="0" src="http://en.wikipedia.org/wiki/chrome://stumbleupon/content/skin/star.png" /> <IMG height="13" width="13" border="0" src="http://en.wikipedia.org/wiki/chrome://stumbleupon/content/skin/smallbubble1.png" /></A><SPAN> · </SPAN><A href="http://www.stumbleupon.com/tag/history/" title="See related pages" slt="">History</A></SPAN></SPAN></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://en.wikipedia.org/w/index.php?title=Panic_of_1837&oldid=243541357"><P>The <B>Panic of 1837</B> was a <A title="Panic" href="http://en.wikipedia.org/wiki/Panic">panic</A> in the <A title="United States" href="http://en.wikipedia.org/wiki/United_States">United States</A> built on a <A title="Speculation" href="http://en.wikipedia.org/wiki/Speculation">speculative</A> fever. The bubble burst on <A title="May 10" href="http://en.wikipedia.org/wiki/May_10">May 10</A>, <A title="1837" href="http://en.wikipedia.org/wiki/1837">1837</A> in <A title="New York City" href="http://en.wikipedia.org/wiki/New_York_City">New York City</A>, when every <A title="Bank" href="http://en.wikipedia.org/wiki/Bank">bank</A> stopped payment in <A title="Currency" href="http://en.wikipedia.org/wiki/Currency">specie</A> (<A title="Gold" href="http://en.wikipedia.org/wiki/Gold">gold</A> and <A title="Silver" href="http://en.wikipedia.org/wiki/Silver">silver</A> <A title="Coin" href="http://en.wikipedia.org/wiki/Coin">coinage</A>). The Panic was followed by a five-year depression, with the failure of <A title="Bank" href="http://en.wikipedia.org/wiki/Bank">banks</A> and record high <A title="Unemployment" href="http://en.wikipedia.org/wiki/Unemployment">unemployment</A> levels.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://en.wikipedia.org/w/index.php?title=Panic_of_1837&oldid=243541357"><TABLE summary="Contents" class="toc" id="toc"><TBODY><TR><TD><DIV id="toctitle">
<H2>Contents</H2>
 <SPAN class="toctoggle">[<A id="togglelink" class="internal" href="javascript:alert('This link contains javascript. Please visit the clip source to follow this link.');" target="_self">hide</A>]</SPAN></DIV>
<UL>
<LI class="toclevel-1"><A href="#Causes"><SPAN class="tocnumber">1</SPAN> <SPAN class="toctext">Causes</SPAN></A></LI>
<LI class="toclevel-1"><A href="#Effects_and_aftermath"><SPAN class="tocnumber">2</SPAN> <SPAN class="toctext">Effects and aftermath</SPAN></A></LI>
<LI class="toclevel-1"><A href="#Narrative_history"><SPAN class="tocnumber">3</SPAN> <SPAN class="toctext">Narrative history</SPAN></A></LI>
<LI class="toclevel-1"><A href="#Notes"><SPAN class="tocnumber">4</SPAN> <SPAN class="toctext">Notes</SPAN></A></LI>
<LI class="toclevel-1"><A href="#References"><SPAN class="tocnumber">5</SPAN> <SPAN class="toctext">References</SPAN></A></LI>
<LI class="toclevel-1"><A href="#External_links"><SPAN class="tocnumber">6</SPAN> <SPAN class="toctext">External links</SPAN></A></LI>
</UL>
</TD></TR></TBODY></TABLE></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3326FF33-6307-4395-B3F9-DF4E9F895F5A/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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