When was a time that our econmy was in such a bad condition?

Question: When was a time that our econmy was in such a bad condition!?

um!.!.!.!.list as many times 10+ yearsWww@QuestionHome@Com

Best Answer - Chosen by Asker:

I agree with Doc that this is not that bad!. At most concern should be focused on a debased monetary system and how to bring it back to where it was in the 1920s!. There have been many economic down turns in the United States such as the following periods:

The Depression of 1807-1814 in the U!.S!.

The Depression of 1837-1844

The Depression of 1873-1879

The Depression of 1893

The Depression of 1929 - 1939

The Recession of 1974-75

The Recession of 1980-1982 in the U!.S!.

The Recession of 2001

The Inflation in the 1970s and early 1980s

For details on each of these periods you can access the following site:

http://www!.sjsu!.edu/faculty/watkins/usec!.!.!.Www@QuestionHome@Com

The economy runs in cycles and doesn't change drastically in the span of one or two years so a 10 year period is relatively short!. There have been several times when the economy has been pretty bad, most of the 1970s, the early 1980s, the early 1990s as well as the Great Depression of the 1930s and early 1940s!.Www@QuestionHome@Com

I am aware that in making my next statement, I will draw the wrath of many with thumbs down!.

The economy is not really all that bad!. If you've minded your money well, you are one of the few who are not hurting!. If however, you have been living on credit, your creditors will be calling their marks and you will be feeling more than a slight pinch!.

The current situation can be traced directly back to a Republican lead Congress and a Democrat President!. NAFTA sent all of your high paying, low qualification jobs over seas!. They did not go all in one giant exodus!. Rather, a quiet, slow but steady leak in the dike!. The crack had gotten bigger and the flooding is now almost unmanageable!. Add to that, the raising of interest rates charged from 21% to 30% (allowable by law) (paving the way for Variable Int!. Mortgage Loans with balloon payments and 0% Int!. cred cards) and suddenly, you have the recipe for financial ruin for those who, living on credit and living well beyond their means!.

Things like the economy happen in cycles, we saw double digit inflation in the 1970s, things improved in the 80s and 90s, and are turning downward in this decade!. The pendulum will swing the other way again soon!.Www@QuestionHome@Com

So sorry!. Last time was Great Depression!. Republican in White House too!. Throw him out for FDR!. Maybe you American throw out this one too!. Other one stupid!. This one more stupider!.Www@QuestionHome@Com

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America is going down !.!.!. w00t w00tWww@QuestionHome@Com

uhhh the Depression!.!.!.!. and now though that isn't 10+ yrsWww@QuestionHome@Com