Hi! My name is James Morrison and this is the first entry to my new blog, which is based on my new book. Since a blog is incredibly boring if no one comments, please feel free to add your two cents to whatever rambling nonsense I put on this page.
To begin with, I believe that far too many Americans are ignorant of history, which is why we are doomed to repeat it and why the masses can be led rushing over the proverbial cliff like so many cattle. In doing research for this book and its sequel, which I'm writing now, I've come across many parallels between the 1920's and recent times. Here are a few:
1. A short housing boom followed by a bust.
2. An incredible increase in the size of federal law enforcement agencies.
3. A revolution in communication technology.
4. A credit crisis.
5. A massive war debt.
6. A tumultuous stock market.
There are many other similarities, but these are just a few to start with. What most people are not aware of is that the 'roaring twenties' began with a very bad recession, unemployment, and strikes on a massive scale, following the end of a disillusioning war. Due to cheap and easy credit, and the fact that the United States' main economic rivals were devastated by World War I, the economy boomed for several years. Eventually, the credit bubble burst, the stock market collapsed, and banks failed in massive numbers, leading to the Great Depression. And on that cheerful note, I'll conclude this entry.
2 comments:
Welcome to THE Blogosphere. Great blog. I wish you much success in all you do.
Thanks for referring me to your blog. It is highly informative and mostly new information to me, a former researcher in chemical agents (at Edgewood Arsenal, MD) and involved in substance abuse teaching at UCLA for several years. My web site is forgottensecrets.net
Jim Ketchum
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