Discussiom

Give your opinion on whether or not the safeguards put in place to prevent another Great Depression, starting with the Roosevelt administration in the 1930s, can be effective today

we are today not too far from another Great depression and The safeguards put in place to prevent such from happening were not only disassembled in 1999; but, in 2008, the US government has moved even closer to exposing its citizenry and indeed the world to the speculative carnage and folly of investment banking excess. I believe the safeguards put in place can be effective because the government did engage massive interventions in the economy following the massive interventions already under way.

Compare the speculation of stock market investors in the Roaring Twenties to “house flippers” of the 2000s in terms of their motivations

Both the Investors and house flippers had the same mentality which is looking to get rich quickly. The stock market investors in the Roaring Twenties poured tens of millions of dollars into Wall Street. Stock prices were inflated far above their realistic value prior to the market crash. The House Flippers of the 2000's poured millions of dollars into the housing market with the same mindset. The market value of homes were highly inflated which became the seller’s market. When the bottom fell out, each suffered great losses and brought the US economy to a slow crawl. The housing market crash affected other classes of business such as home builders, construction, home valuations, home supply, retail companies, real estate, Wall Street, banks, and mortgage companies. In both cases, the banks provided the loans to support their efforts as where today the banks and mortgage companies went into frenzy because all they did was care about the money and not the lives of the people.

Compare the numbers and types of people who benefited from the frenzied trading on Wall Street in the 1920s with those who benefited from the race to home ownership in the late ’90s...