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Aravinth Srinivasan , Planning to start a startup in agriculture Nov, 10 2016

The last 2 times the Republican party had total/major control were 1928 and 2001, and we got 2 depressions/ recessions. Whats next?


The Republican hold on the House of Representatives, hands huge power to the incoming President Trump with implications for years to come. It gives Republicans control over the Supreme Court, where one seat is already open and more are expected to open up over the next presidential term.


Thupten , A tibetan in exile, looking for peace in the Nov, 10 2016


While I think this answer makes sense in a logical progression, it doesn't really describe why having all branches be Republican is the cause, in fact, you go from saying there is only some slight power appoints could have over Fed policy to the conclusion that it was the fact that they had all branches of the government - that's a huge leap.

While I would agree that the government was at least partially responsible for it, there's really the question of whether we knew how to fix it at the time. Keynes spent the 30s analyzing the Great Depression, and Friedman was way later. There was very little data at the time to deal with crises of the sort (Marxian crisis theory wasn't well developed beyond his, relatively vague description of it). Basically there's no good reason to think that, had the Democrats been in charge, they would have done any different.

While I think this answer makes sense in a logical progression, it doesn't really describe why having all branches be Republican is the cause, in fact, you go from saying there is only some slight power appoints could have over Fed policy to the conclusion that it was the fact that they had all bran


Rajeev Gutpa , BITSian Nov, 12 2016


That's very well elaborated! Exactly my sentiments


Shanu Sharma , Preparing for IIT, confused and dazzled about Nov, 10 2016


The stock market was pretty new in the 1920s. For one, we now have legislation (Securities Exchange Act of 1934) that governs much of what you can and can't do with publicly traded companies. As an example, directors of companies must notify the public when they transact in company stock, majority shareholders must be known to the public, and companies must release annual reports and quarterly earnings. This was not the case in the 1920s, and executives could pool their money to buy stocks to drive up prices and create a false sense of confidence
The stock market was pretty new in the 1920s. For one, we now have legislation (Securities Exchange Act of 1934) that governs much of what you can and can't do with publicly traded companies. As an example, directors of companies must notify the public when they transact in company stock, majority s