Great Depression

The stock market crash in 1929

was one of the catalysts of the Great Depression.

1933 was the worst

then in 1937 a "recession"

Unemployment, banks closed, no money.

Many were glad to "share crop".

Work just for a place to live.

Roosevelt declared bank holidays to stop the "run" on banks.<ref>

Made it illegal to own gold. <ref>

That is right, you had to turn it in.

Then changed the value from $20 an ounce to $35 an ounce. <ref>

WPA "we piddle around"

work crews just to insert money.

Land Bank, stole a lot of land.

Borrow on the land,

then could not pay it back.

Roosevelt raised the interest rate <ref>

Men looking for work would ride the train from place to place

was called "hobo"

They were not bums

and wood work for their supper.

The worst stock market crash in history

started in 1929 and was one of the catalysts of the Great Depression.

The Dow on Black Monday, Oct. 28,

tumbled by nearly 13%

and declined by another almost 12% on Tuesday.

The Dow did not regain its pre-crash value until 1954.

The Banksters did it.

Thomas Jefferson said in 1802

"'I believe that banking institutions

are more dangerous to our liberties than standing armies.

If the American people ever allow private banks

to control the issue of their currency,

first by inflation, then by deflation,

the banks and corporations

that will grow up around the banks

will deprive the people of all property

until their children wake-up homeless

on the continent their fathers conquered.' "

--