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It sounds like the 1929 stock market crash was a result of government overregulation. It's probably just a language problem. --Paul —Preceding unsigned comment added by 128.120.100.205 (talk) 17:47, 10 June 2008 (UTC)
The phrase "before recovery measures implemented by the government begin to take effect." seems to simply assume that this is the only possible solution to economic catastrophe. Keep in mind that plenty of economists believe that it was govenment that created the conditions for the stock market crash and subsequent depressions, i.e. with the mismanagement of the newly introduced Federal Reserve fiat dollar.
This article is rather poor, it makes sweeping generalizations without references or other support and is not nearly well researched enough. --66.66.6.153 16:48, 3 March 2007 (UTC)
The claim that the cause of economic slumps has never been expressed in the clasic literature, is not correct. In his postumanous work "The Science of Political Economy" published about 1905 by his son, Henry George explained what is the basic cause of these unstable behaviours of our macroeconomic system.
It is associated with the way that banks lend money but its basic cause is due to land-value speculation. Unlike every other kind of commodity, land does not provide the user with an alternative kind of natural resource. That means that land owners become perfect monopolists and that the price of the land will steadily rise without being held at a competitive steady level by the alternative purchase of something that is its equivalent. This goes on until the banks run out of money for helping the speculators to invest. When this happens a small shock will burst the bubble of inflated land prices, and the bank insolvencies that follow are due to the sudden drop in the land values.Macrocompassion (talk) 13:14, 17 December 2008 (UTC)
Very...very sad to quote Henry George, and imply that he is talking about the Federal Reserve Banks of today. The FED was founded in 1913, Henry George died in 1897. At that time, his unfinished and unstarted works were published with Notes, Speeches, Outlines, etc. It's great read, great ideas, but repeats itself and is very jumpy. I read it several times. I get the feeling that most people quoting Henry George, have never read it once. His land tax ideas were a tax on exclusive property rights. This "money" was to be used to trivially help the poor, and the "wealth" was in the land (exclusive property rights). He even discussed a non asset backed currency (a US Bitcoin you could say), not backed by debt, and the trivial expansion of the money supply to keep it healthy. And shudder the thought....how Adam Smith was wrong (The Wealth of Nations). <2601:14F:8100:6808:6017:5E69:77DA:2D6C (talk) 04:35, 16 September 2016 (UTC)>
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Cleaning up statements added, wherein a US Senator made comments which are now widely disputed and considered to be wrong:
c:[1]
“On Thursday [the 18th], at about 11 o’clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to a tune of $550 billion being drawn out in a matter of an hour or two. The Treasury opened up its window to help. They pumped $105 billion into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.
They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn’t be further panic and there. And that’s what actually happened. If they had not done that their estimation was that by two o’clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time about what would have happened if that happened. It would have been the end of our economic system and our political system as we know it.”
See: http://www.portfolio.com/views/blogs/market-movers/2009/02/11/kanjorski-and-the-money-market-funds-the-facts/
Also, the addition of this text does not flow with the rest of the article's style or format in a coherent manner, it appears to be a simple copy/paste of the Senator's text, in an area which does not need or warrent these comments, even if said comments are in fact correct (which they are probably not).EnochHenderson (talk) 04:32, 12 August 2011 (UTC)
Some may think it unusual or non-encyclopedia like that there is no precise definition of economic collapse; however, there is no precise definition of a recession either.Phmoreno (talk) 16:21, 6 January 2012 (UTC)
Here the term "economic collapse" is used, in various arrangements and without without definition, in a recent financial newsletter: John Mauldin 2102: A Year of ChoicesPhmoreno (talk) 18:18, 14 January 2012 (UTC)
Based on impacts of Covid 19, “economic collapse” and related search terms are likely to be getting more common on google. I’m requesting/recommending you kind volunteers watching this article make it a priority to cleanup and make accurate, especially as the possibilities of multiple economic collapses this year are increasingly likely.
Thank you for all you do. Especially for working from home. Our work here to give people good information on the first pages they get is of critical value to the world so please know you are making a difference!
Very gratefully, DrMel (talk) 01:09, 16 March 2020 (UTC)