Timbuilder
Ok Timebuilder, I'm ready to make this the great debate
A quick search on google
http://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=cause+of+the+great+depression reveals
The Cause of the Great Depression in 1929
1. Unequal Distribution of Wealth and Income
Despite rising wages overall, income distribution was extremely unequal. Gaps in income had actually
increased since the 1890s. The 1% of the population at the very top of the pyramid had incomes 650%
greater than those 11% of Americans at the bottom of the pyramid. The tremendous concentration of
wealth in the hands of the few meant that the American economy was dependent on high investment
or luxury spending of the rich. However, both high spending and high investment are very susceptible to
fluctuations in the economy; they are much less stable than people's expenses on daily necessities like
food,clothing, and shelter. Therefore, when the market crashed and the economy tumbled, both big
spending and big investment collapsed.
2. Unequal Distribution of Corporate Power
From the late 1870s on, there had been an ongoing movement of consolidations and mergers. During
World War I, many would-be competitors were merged into huge corporations like General Electric,
making competition nearly nonexistent. In 1929 two hundred of the biggest corporations controlled 50%
of the corporate wealth in America. This concentration of wealth meant that if just a few companies went
under after the Crash, the whole economy would suffer.
(
http://www.arts.unimelb.edu.au/amu/ucr/student/1997/Yee/depression.htm)
To solve that problem (and if you don't think we are on the verge of the exact same scenario right now you are nuts!) you've got to get some money back into the hands of the common guy (that’s you Timebuilder unless you are a billionaire) Do it with taxes, a Guillotine (it worked for the French,) or however you'd like, but the bottom line is when too few people have all the cash the system fails.