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To improve the Great Depression article and give it more of a worldwide view, some material from that article is being spun off into seperate articles, such as this one. Teryx 23:46, 9 May 2006 (UTC)
Not sure why there is no separate article, or at least a more comprehensive section about the bank crisis; closest thing seems to be this: “ During the financial crisis of 1933 culminating in the banking holiday of March 1933….”
It’s difficult to follow the train of events in the separate articles, unclear why it was done in this way. — Preceding unsigned comment added by 69.181.192.29 (talk) 09:09, 30 May 2023 (UTC)
this website needs needs more things about the families im the american depression because some school kids need this information like me it is really helpful even if you dont think so it will help alot if someone updates this page amd put something on it like how the families felt and what they did to survive--217.42.173.168 19:16, 9 September 2006 (UTC)
Also it would be good to add how there was too much credit available for people and how there were no banking regulations. — Preceding unsigned comment added by 65.41.467.3 (talk) 23:50, 6 November 2006 (UTC)
The families during the great depression, were loosing their homes left and right. when people went into forclosure they were forced onto the streets with noplace to go. families were forced into tents, under interstates, and into tent cities. people had no way to support their families and many people died over the years the great depression went on. — Preceding unsigned comment added by 173.171.27.199 (talk) 21:58, 6 October 2009 (UTC)
Out of the resources, the list off in-print sources (physical(books)) in the article, which are the seminal works? — Preceding unsigned comment added by Generallimptoes (talk • contribs) 15:15, 27 April 2007 (UTC)
It appears to me that this page is under attack, with quite a number of parts being removed for no reason I can see. If you have a valid reason for removing large parts of this article, please say so here so we can decide if it is valid, otherwise we will just keep reverting this to fix it. Fanra 03:23, 1 May 2007 (UTC)
Fixed this as someone changed it to a Monday. Easy to run any number of web page scripts that figure out day of the week for any date to show it was a Tuesday. Fanra 05:57, 2 May 2007 (UTC)
While something as large and complicated as the Great Depression doesn't have a single clear end, I feel that the article should either address this lack of clarity, or become self consistent. While the current duration is listed as 1929-1933, the top picture of the Migrant Mother was taken in 1936. According to the Encyclopedia Britannica, it ended in 1939. We need to get our numbers straight. — Preceding unsigned comment added by 167.142.113.85 (talk) 23:50, 2 June 2021 (UTC)
There should be a section giving a brief overview to the Dust Bowl with a link to that article. [1] —The preceding unsigned comment was added by Cjtcook (talk • contribs) 07:05, 14 May 2007 Cjtcook 07:05, 14 May 2007 (UTC)Cjtcook (UTC).
In the References section is listed about 42 books. They aren't cited where what part of the book is for what part of the article. Frankly, for 42 books worth of stuff, this article isn't very long. Can someone confirm that all those books were actually used in this article or did someone just cut and paste that list from somewhere? Fanra 23:48, 14 May 2007 (UTC)
Ok, I think someone listed books on the subject, rather than books used to write the article. According to Wikipedia:Guide to layout, such lists should be under Further reading or Bibliography, not Reference. Fanra 23:55, 14 May 2007 (UTC)
Reporting broken link. Apparently, the link for the "Robert Lewis Depression / War" isn't found at the library of congress. — Preceding unsigned comment added by 173.160.92.129 (talk) 15:00, 10 June 2010 (UTC)
References 1 and 2 read:
Neither of these fit the criteria for references. Who is Lester Chandler? Reference 1 is a sentence, not a reference. This article is disgusting and I am going to delete the following sentences that use these two sentences:
This article is linked from the more general Great_Depression Under "Effects" yet the article does not contain a subtitle of Effects. —Preceding unsigned comment added by 72.21.196.64 (talk) 17:01, 23 January 2008 (UTC)
Given that the Causes section already links to the causes of the Great Depression page, it probably does not need to discuss each explanation in such detail. -Gomm 20:08, 23 January 2008 (UTC) — Preceding unsigned comment added by Gomm (talk • contribs)
"The Great Depression was a sudden collapse."
This contradicts the statement of the first sentence in the article "Great Depression", where it says "The great depression was not a total sudden collapse at all". —Preceding unsigned comment added by 35.11.38.122 (talk) 23:22, 24 January 2008 (UTC)
Capitalism and democracy seemed to have failed. There was real danger that the US and the world would turn to something like fascism or communism. Right? I'm not sure: that's what I'm looking for, and I didn't find it in this article. There should be something linking together the Bonus Army, Father Coughlin, Huey Long, and so on, either a section in this article or another article linked from here. I shouldn't have had to use Google to find the article on the Bonus Army. If I hadn't known there was a big protest called the something-or-other Army, I wouldn't have been able to find it at all. --dsws (talk) 05:28, 29 February 2008 (UTC)
What does a "Man Sleeping" in a fish market have to do with the great depression? —Preceding unsigned comment added by 71.98.106.64 (talk) 21:23, 17 March 2008 (UTC)
Someone has compleatly destoyed this page. Please restore it! —Preceding unsigned comment added by 81.224.174.195 (talk) 17:48, 29 April 2008 (UTC)
- 0 - I've hear differing opinions on the actual impact of the stock market crash, but surely it didn't cause the Great Depression. In any case, a statement like this requires citation. - 0 - Jeffrey ten Grotenhuis 04:33, 29 May 2008 (UTC)
I forgot to give a description but I am sure anyone who sees the history would be able to tell why I edited them... anyway since this is my first time reverting vandalism I figured that I should probably leave a note in the discussion page. Sykko (talk) 04:53, 26 June 2008 (UTC)
When the Great_Depression_in_the_United_States#Further_reading /* Further reading */ section grows to the point where it is considerably longer than any single section in the article, and nearly as long as the article itself, something is badly amiss. Anyone feel expert enough to weed out the chaffe here, or should we just cross the Rubicon and axe the section, hoping that the more deserving works will appear as real citations? MrZaiustalk 17:46, 19 September 2008 (UTC)
Page appears under heavy attack. I attempted to revert some vandalism but it didn't seem to take. Please someone with knowledge of the page help keep this page solid. I fear this page will be attacked due to the ongoing sitution and comparisons to the great depresion. —Preceding unsigned comment added by 160.149.88.147 (talk) 19:26, 13 November 2008 (UTC)
I just reverted two vandalism edits. Somehow these things often look like they sprung from the advanced literary minds of school kids. I often wonder if waves of vandalism like this are linked to teachers in schools giving kids assignments to e.g. research the Great Depression. Ah well, such is the price of education :) BrianDuff (talk) 21:29, 13 November 2008 (UTC)
Ugh... Looking at the history, the page has been royally vandalized multiple times today. The vandals' changes are interleaved with regular changes to such an extent that I'm a bit wary about reverting stuff. I'll take a look at trying to get this back to its original state without losing other changes... BrianDuff (talk) 21:33, 13 November 2008 (UTC)
OK, think it's back to normal now... BrianDuff (talk) 21:38, 13 November 2008 (UTC)
I'm trying to get the usage of a reference on economist opinion on the New Deal corrected to match the research. Please stop changing this back as it really does not have any validity in proving the size of the difference, just that there is one. There are other references on this if you look for them.Oneeyedguide (talk) 00:27, 4 February 2009 (UTC)
The Whaples survey--by a respected scholar in a major journal has often been cited by scholars in economics and history. Dozens of cites show up in http://scholar.google.com/ for example. No scholar has attacked its methodology or suggested it paints a false picture. To evaluate and reject its methodology here is original research and is not allowed. Rjensen (talk) 06:39, 4 February 2009 (UTC)
There seems to be some confusion as to what the problem was with the use of the Whaples survey. The survey was designed to show that there was no consensus on the New Deal (and other issues)and it does this. However, it was not designed to show the exact number of economists and historians who agreed or disagreed on each issue. This would have required either a survey of all economists and economic historians or a sub-survey that was projectable to these entire populations, which is probably impractical. Using the Whaples percentage numbers is misleading and is not neutral. The current reference tries to be neutral with what the survey states. However, I agree with the above comments that the positioning of the survey mention is not neutral as it tries to raise questions on the New Deal before the New Deal is defined. I am not about to try to move it, just correct it to match the research. Here is the revelavant detail on the survey methodology: “Note: In each table below, E = economist, H = historian. Pr = Confidence level with which one can reject the equality of the distribution of the two groups' answers, using the Likelihood Ratio Chi-square statistic, followed by the confidence level with which one can reject the equality of the percent who disagrees with the proposition, using a pooled variance t-test.” If someone can show that the survey is valid as a projectable sample then please change it back.Oneeyedguide (talk) 16:46, 9 February 2009 (UTC)
Hmm, no response yet to the above. Well, I’m going to remove the Whaples reference tomorrow, February 19, unless someone wants to suggest an edit that makes it easy-to-understand to the non-economist using Wikipedia. The Whaples survey is excellent peer-reviewed research which unfortunately gives a view of what happened during the Great Depression that is only understandable to historians and economists. It should be removed because it gives an improper impression about the elements of the New Deal. As an economist, I’m actually in agreement, with provisos, with the statement that “as a whole, government policies of the New Deal served to lengthen and deepen the Great Depression” because this could include tax increases to balance the budget and monetary tightening that caused the Recession of 1937. However, this monetary tightening and budget balancing are not considered part of the “New Deal” by most economists and historians as they are contrary to the more or less Keynesian type of thinking prevalent during the time. There were significant discussions between Henry Morgenthau, Jr., Roosevelt's Secretary of the Treasury and the Federal Reserve Chairman, Marriner S. Eccles which defined the New Deal thinking as excluding tax increases and monetary tightening until full employment was approached. As a research designer, it appears that this question was deliberately designed to give a negative answer from economists who were intimately aware of the details of the New Deal period by using “as a whole, government policies of the New Deal” instead of just “New Deal”. There are issues with the “New Deal” that are clearly negative but they should be handled separately and clearly.
Anyone want to attempt a “fair and balanced” edit? Or should I remove it? No answer means it’s removed tomorrow. One Eyed Guide (talk) 15:14, 18 February 2009 (UTC)
Still no response so I am going to remove the reference to Whaples. If you want to do an edit that puts it back in please recognize the following areas of concern:
I'm not good enough of an editor to achieve number 2 without being confusing so I'm taking it out.
Please don't just revert my deletion as this will clearly not be NPOV.One Eyed Guide (talk) 17:29, 19 February 2009 (UTC)
I've made an edit that correctly cites the Whaples survey. I think it is too long and that the Whaples survey should not be used at all as it is skewed non-NPOV but this edit is technically correct. I've placed it in the New Deal section to maintain a neutral POV.One Eyed Guide (talk) 17:14, 22 February 2009 (UTC)
Can anyone explain what this sentance from this section is trying to say? It doesn't seem to make any sense:
RFabian (talk) 04:35, 9 February 2009 (UTC)
I am working at correcting the main article on the Recession of 1937 so if you are interested in contributing please go there. After this article matches the historical record I am going to come back and fix this one. I have reviewed a lot of the literature and there should be no problem in getting this to NPOV, even including published conservative views.Oneeyedguide (talk) 17:31, 11 February 2009 (UTC)
Hello, one could argue that the 1930s "Golden Age" of Hollywood was a result of the Depression as studios cranked out stars and pictures esp. lavish as "escapist" entertainment...should this be addressed in the article? PatrickJ83 (talk) 01:45, 7 April 2009 (UTC)
I am doing a research paper for school and using this as a source. Who can I give credit to for this article. —Preceding unsigned comment added by 137.164.230.17 (talk) 15:50, 17 April 2009 (UTC)
I deleted to section comparing today's recession to the depression. Its a small point and many other recessions have been compared to the depression it doesn't make sense to have it on this page. If anything it should be on a page about the current recession. —Preceding unsigned comment added by 71.209.101.169 (talk) 01:09, 30 April 2009 (UTC)
Did anyone even bother to look at the statistics for the 20s? The economy grew rapidly, wages and standards of living went up greatly. In 1927, the Federal Reserve expanded credit access, creating a bubble and rapidly drew back the money scaring speculators who pulled there investments. A stock Market Crash and a run on the banks were the start but it all comes back to monetary policy. Whenever there is a massive expansion in the money supply a bubble is formed, it pops, and the economy goes into recession or depression. The regulation and interventionist policies of Hoover made the depression worse, and FDR prolonged it with his New Deal policies. It wasn't until after the war ended and the production switched from manufacturing war machines to consumer goods did our economy recover. —Preceding unsigned comment added by 97.81.206.178 (talk) 21:24, 30 March 2010 (UTC)
[2] Unemployment peaked about where it is now, started going down, and then against the advice of thousands of economists Hoover passed massive tariffs and the super-high unemployment rates followed. [3] (anyone have monthly data for greater resolution?). TheGoodLocust (talk) 16:58, 26 June 2010 (UTC)
There isn't enough information for the recovery yet we have many for the cause.--Ericg33 (talk) 20:55, 15 August 2011 (UTC)
Unfortunately I don´t have info for edit and revert vandalism. Now the article has two major alterations who deserve be corrected. —Preceding unsigned comment added by 201.148.69.213 (talk) 16:39, 21 March 2012 (UTC)
shouldn't this go to Great Depression?--Oursana (talk) 22:09, 24 November 2014 (UTC)
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Under "Economic policies" in FDR article, the graph ("Unemployment rate in the US 1910–1960, with the years of the Great Depression (1929–1939) highlighted") shows a maximum unemployment rate of about 21%. Yet the text says that the rate was 25% when FDR took office, falling to 14.3% by 1937. 25% is greater than 21%, so the article seems self-contradictory. * The "Great Depression" article includes the same graph. This time, the text (under "Roosevelt's New Deal") says the unemployment rate fell from 25% to 9% in the 1933-1937 period. Again, the 25% rate seems self-contradictory, since the graph maxes out at 21%. In addition, the graph does not go below 15% until 1940, so the 9% rate in 1937 also seems self-contradictory. * Could someone with some expertise in unemployment rates take a look at this? I have no idea what the correct numbers are, but the articles seem self-contradictory. Or maybe I'm missing something. AAABBB222 (talk) 19:12, 3 October 2017 (UTC)
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The following Wikimedia Commons file used on this page has been nominated for deletion:
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The numbers are based on Lebergott's estimates. These have two major problems and then a third interpretive problem when compared to modern unemployment numbers.
1) [this section doesn't apply here as this article, unlike the others, has the more correct, Darby adjusted Lebergott figures. The rest stands however] They exclude people directly employed in WPA and other New Deal programs. This is an issue Michael Darby covered over four decades ago an in article entitled ""Three-and-a-Half Million U.S. Employees Have Been Mislaid: Or, an Explanation of Unemployment, 1934-1941".
Now for certain purposes it may make sense to include WPA and other direct employment along with unemployed workers (notably, in estimating a reserve army of labor that is avalaible to be hired by private employers) but it is not the current methodological practice and it misleads lay readers in the understanding of the 1930s economic experience. At the very least, both numbers should be published side by side so that readers can get a more accurate sense of what was going on, as Professor Mathy (2018) does in this recent paper on long term unemployed during the 1930s.
2) Even the Lebergott estimates as adjusted by Darby are misleading because they are not monthly series like we have today and are based on a number of estimation strategies that leads to "spurious volatility" and incorrect estimates, or at least, estimates that are at variance with modern methodologies. Professor Christina Romer (1986)showed this in a lot of detail. To quote her at length.
"If the labor force were also procyclical in the 1900-1930 period, then it is clear that Lebergott's labor force numbers are too high in recessions and too low in booms. This implies that the unemployment rate calculated as a residual is artificially high in recessions and artificially low in booms. Thus the historical unemployment rate is, by construction, more volatile than the truth [...]
"To estimate annual employment, Lebergott uses more complicated procedures. He estimates it as the sum of several component series on employment in various sectors and among various classes of workers. To form these component series he begins with basic data on employment in each sector in whatever base years are available. He then interpolates each employment series using some annual variable he believes to be related to employment in that sector. The most common interpolating variables are measures of output, fragments of employment data, and indexes of labor demand"
She goes onto explain the problems with this procedure. Meanwhile, we do have a number of estimates, the best of which is the National Industrial Conference Board monthly data as Mathy (2018) points out. These estimates continued after the war and thus we can compare them to official statistics and see how they are reasonably close. These numbers broadly conform to Lebergott's estimation strategy but, as Romer predicts, the unemployment rate is much lower than his estimates. In addition, we get to see month to month patterns we don't in Lebergott's data that qualitatively change our narrative from the era.
3) The final issue is that this number, as low as it is, is still an overestimate of unemployment when we compare it to modern headline unemployment. Today's measure, U3, doesn't include "discouraged workers" i.e. workers who desire employment but have given up searching. Meanwhile, the methodology used for the 1930s number, previous to the the search concept of unemployment developed by the WPA in the late 1930s which is used today, does capture what we now consider discouraged workers on the idea that all able bodied males are supposed to be working. Thus the appropriate comparison for the unemployment rate is U5, not U3. When compared to U5, a different narrative emerges. For example, in June 2016 U5 was 6 percent while in June 2017, U5 was 5.4 percent. This suggests the economy, while not at full employment, was recovered from the great depression in 1937 before the recession of 1937-1938. The article should be updated to reflect the best avalaible data on the 1930s economic performance and the true meaning of the "Roosevelt Recession". See e.g. Card 2011.
References
This article was the subject of a Wiki Education Foundation-supported course assignment, between 4 March 2023 and 24 April 2023. Further details are available on the course page. Student editor(s): ZMB9 (article contribs).
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This article was the subject of a Wiki Education Foundation-supported course assignment, between 28 August 2023 and 8 December 2023. Further details are available on the course page. Student editor(s): FluffyTeaPancakes (article contribs).
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This article was the subject of a Wiki Education Foundation-supported course assignment, between 9 January 2024 and 15 March 2024. Further details are available on the course page. Student editor(s): EMILLS31 (article contribs). Peer reviewers: Alex Winetrout, Apeoples7.
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