THE GREAT DEPRESSION AND THE AUTO INDUSTRY

I am a bit pressed for time this morning but will provide a more detailed posting this evening. As a teaser I have been working my way through the most fascinating book, Breaking The Banks In Motor City – The Auto Industry, the 1933 Detroit Banking Crisis and The Start Of The New Deal by Darwyn Lumley.
This well researched book has greatly expanded my understanding of the mechanics behind the Great Depression, the demise of the American auto industry during the closing decades of the 20TH century, and changed my perspective about the domestic policies of the FDR administration. It has also added new depth to my understanding of how the interference of the federal government and the federal reserve fueled the economic collapse of the early 1930s.
I will discuss these topics with a detailed post this evening.
If you enjoy Jim Hinckley\'s America, take a second to support jimhinckleysamerica on Patreon!

One Reply to “THE GREAT DEPRESSION AND THE AUTO INDUSTRY”

  1. [It has also added new depth to my understanding of how the interference of the federal government and the federal reserve fueled the economic collapse of the early 1930s.]

    …and those who ignore history are doomed to repeat it…

    When we began confusing “free” trade with Fair Trade in the eighties; started allowing the multinational corporations to ship our manufacturing base to the far east and off-shore jobs to cheap labor countries, that was the beginning of the end…we are just now beginning to hear the death rattle of our folly.

    So much for Geo. H. W. Bush's dreams of One World Govt and Bill Clinton's speech about switching the US over to a “service economy.”

    Nothing is any more of an eye-opener than shooting yourself in the foot after you've convinced the crowd you're an expert in the field of firearms maintenance and handling.

    As they say, “What is past is prologue.”

Leave a Reply