Quote:
Originally Posted by Pleasurepays
i was simply saying that economies recover... pure and simple..
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The great depression lasted for ten long years.
Were it not for WWII the conventional wisdom is that it would have lasted a hell of a lot longer.
And, while we're on the subject of WWII, consider if you will that had the depression been shorter and/or milder it's quite possible that there never would have been a WWII. Hitler barely had enough support to come to power as it was and Japan's aggression in Asia was (in their eyes) about gaining enough natural resources to become economically self-sufficient and thereby depression proof.
Trust me, if the world sinks into another great depression what follows will be damn ugly.
Perhaps even as ugly as it got during the last one
