How would you compare the current U.S. economy with those of the past?

Question

Like the economies of the early & late 1800's & 1900's...

What do you think is the primary cause for the current downturn?

Answer 1

Actually our economy is near identical to that of November 1929.

Answer 2

Somewhere along the line History had time to remember and reflect on the way things were and how they are now because of the changes taking place for changing the face of American history, We have in effect caused the downturn. Will we crash again?

Answer 3

Read a history book from the 1920's and compare it to the current date. You will see are economy is quite similar, but not as severe as what happened in the 1920's.

Answer 4

BUSH!!!!!!!

his tax cuts

the way he constantly borrows from foreign lenders

the Iraq War

Answer 5

Economy is much better.

It is natural for economies to fluctuate between booms and recessions, its just how it works. Technically we are experiencing a recession, which is normal. A few months down the road, we will be back to normal levels of output, and then we may experience a boom.

It is important not to confuse this with a depression, which is a much more severe form of recession.