Negative Space: Great Depression
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- Great Myths of the Great Depression
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“To properly understand the events of the time, it is appropriate to view the Great Depression as not one, but four consecutive depressions rolled into one. Professor Hans Sennholz has labeled these four ‘phases’ as follows: the business cycle; the disintegration of the world economy; the New Deal; and the Wagner Act.”
- A post in which the Author discusses economics
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“I was fascinated to see that the recent inflation report confounded all of the 60 ‘experts’ who were consulted in advance. Economics is indeed the ‘dismal science,’ and it’s practitioners are frequently wrong, and this is just as frequently ignored.”
- The Depression You’ve Never Heard Of: 1920-1921
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“It wasn’t merely that Hoover spent a bunch of money. He spent it on just the types of things that we associate today with Roosevelt’s New Deal.”
Refrigerators started to take off during Prohibition, and became ubiquitous following World War II. This Westinghouse refrigerator manual and cookbook gives us a glimpse at home refrigerator/freezers in the Great Depression.
As we head into the final year of President Obama’s presidency, and a new election year, it may help to look into the past for guidance.