LogFAQs > #167922

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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Topicits really crazy how similar the economy situation is to the great depression
neonreaper
08/04/11 12:24:00 PM
#13:


1995 to early/mid 00s - the internet ushers in a new era of commerce, causing tons of new businesses and expanding older ones. Very few problems, aside from ones like the "dot com" bust around 1999/2000.
mid 00s to about 2008- these businesses over expand, have to deal with the internet becoming a waning novelty, and collapse
2009- obama bails out industries, employment starts to come back


dot com bust was a significant problem, and was really the end for that internet commerce stuff.

the marketing of debt is the major problem last decade, mixed in with a little bit of "American car companies are dumb and stubborn"

--
Donny: Are they gonna hurt us, Walter?
Walter: No, Donny. These men are cowards.
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