The Political Fray - Political Forum
Go Back   Political Fray > The Political Fray > Conspiracy Theories

Conspiracy Theories Conspiracy Theory Forum - Discuss conspiracies and underground dealings


Reply
 
LinkBack Thread Tools Display Modes
Old May 4th, 2018, 08:47 AM   #1
Governor
 
arcturus88's Avatar
 
Joined: Oct 2012
From: NC
Posts: 1,846

the manufactured great depression

I heard a theory once (spoken as fact by the person) that the great depression was manufactured to re-distribute wealth to rich powerful moguls by breaking the small guy / business.

It was put for that they actually tested the theory by bankrupting Florida first to see if their scheme would work. It did work, so they did it later at the national level.


I'm a little ignorant about this time period , so I looked it up. Turns out Florida did have a "depression" much earlier than the national great depression.

The Great Depression hit much earlier in Florida than 1929's stock market crash | Bradenton Herald


Quote:
The economic downturn actually started significantly earlier in Florida, where people were already struggling to make a living wage, if they had a job at all. Many lost their investments and life savings; properties lost their value or were destroyed by hurricanes. The tourism industry took a severe hit, and the citrus industry, which at the time made up over 50 percent of the revenue for the state, fell by more than 35 percent in just a few months. All of this happened in Florida before the nationwide stock market crash in October 1929.
Quote:
In 1926, people started to realize the bad investments that had been made, and the Florida land boom came to a traumatic halt. Banks and the credit system failed and left the majority of people without their life savings.




I imagine this theory would have some traction with the numans of the world.

Any thoughts?

Last edited by arcturus88; May 4th, 2018 at 08:51 AM.
arcturus88 is offline  
Old May 4th, 2018, 09:11 AM   #2
Governor
 
Ralph47's Avatar
 
Joined: Nov 2017
From: Behind the 8 ball
Posts: 2,452

Actually, the plain and simple explanation is: people were borrowing money to invest money. That amounts to a PYRAMID SCHEME! It could not have sustained. Even a small downturn caused a domino effect causing it all to come crashing down way farther than it would have.

Ralph47 is online now  
Old May 4th, 2018, 09:16 AM   #3
Governor
 
Ralph47's Avatar
 
Joined: Nov 2017
From: Behind the 8 ball
Posts: 2,452

My mother was born within a week of the crash, so I blame her.
Ralph47 is online now  
Reply

  Political Fray > The Political Fray > Conspiracy Theories

Tags
depression , great , manufactured



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Great MARCH Forward.The Great Leap Backwards. falcondule Current Events 0 August 29th, 2013 01:34 PM
Great ape bill to stop invasive research on Great apes myp Current Events 17 December 25th, 2012 01:13 PM
Are we in a great stagnation? myp Economics 25 January 18th, 2012 06:53 PM
Is our current situation worse than the Great Depression? omej Economics 1 February 23rd, 2009 07:45 PM
Truly a great day Obama 2008 Current Events 3 January 22nd, 2009 04:14 PM


Facebook Twitter RSS Feed



Copyright © 2009-2013 Political Fray. All rights reserved.